Economy
Pandemic temporarily narrows UK economic divide, EY reports
Monday, 31 January 2022, 15:53
Pandemic temporarily narrows UK economic divide, EY reports
London’s Gross Value Added (GVA) fell 3.6% between 2019 and 2021, while UK GVA fell 3% – but London’s GVA…
Firms ‘brace’ for insolvency storm to hit home, warns Begbies
Monday, 31 January 2022, 10:24
Firms ‘brace’ for insolvency storm to hit home, warns Begbies
Businesses are now braced for the insolvency storm to “hit home”, with those reporting ‘significant financial distress’ up 5% during…
Company insolvencies remain below pre-pandemic levels
Friday, 28 January 2022, 15:55
Company insolvencies remain below pre-pandemic levels
The total number of company insolvencies registered in 2021 was 14,048, up from the 12,634 in 2020, but remained below…
Public sector borrowing falls by £7.6bn, data finds
Tuesday, 25 January 2022, 12:31
Public sector borrowing falls by £7.6bn, data finds
Public sector net borrowing in December came in at £16.8bn, £7bn lower than a year earlier, according to EY. Data…
UK economic confidence dips amongst global accountancy professionals
Wednesday, 19 January 2022, 11:12
UK economic confidence dips amongst global accountancy professionals
Economic confidence fell by 12 points in Q4 2021, due to spread of the Omicron Covid-19 strain, according the latest…
UK ranks most important market for US business leaders, PwC says
Monday, 17 January 2022, 10:00
UK ranks most important market for US business leaders, PwC says
The UK has overtaken China to become US CEOs’ favoured growth market, with over a third identifying the UK as…
UK economy surpassed pre-Covid levels in November
Friday, 14 January 2022, 10:02
UK economy surpassed pre-Covid levels in November
Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November…
32% of consumers to reduce household spending this year, data finds
Thursday, 13 January 2022, 15:58
32% of consumers to reduce household spending this year, data finds
With the cost-of-living “squeeze” underway, 32% of consumers plan to cut back on their household spending this year, according to…
UK to discuss global minimum tax for multinational groups
Thursday, 13 January 2022, 10:15
UK to discuss global minimum tax for multinational groups
The UK government has published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically…
MHA secures VAT charge win for Errol Willy Salons
Tuesday, 11 January 2022, 15:41
MHA secures VAT charge win for Errol Willy Salons
MHA MacIntyre Hudson has revealed it secured a win for Errol Willy, who runs the Errol Willy Salons Ltd hair…