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BDO appoints Syreeta Brown as independent NE

BDO appoints Syreeta Brown as independent NE

UK accountants still in high demand despite AI shift, ICAEW finds

UK accountants still in high demand despite AI shift, ICAEW finds

HaysMac appoints Nicky Whitehead to social purpose team

HaysMac appoints Nicky Whitehead to social purpose team

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Economy

Economy analyses the wider financial and market conditions shaping the operating environment for UK accountancy firms and their clients. Covering GDP trends, inflation, interest rates, fiscal policy, and government budgets, this section connects economic developments to their impact on audit, tax, and advisory work. Accountancy Today’s Economy coverage provides data-driven insights and expert commentary to help professionals assess risks, plan strategy, and advise clients effectively in a changing marketplace.

Economy

Economy analyses the wider financial and market conditions shaping the operating environment for UK accountancy firms and their clients. Covering GDP trends, inflation, interest rates, fiscal policy, and government budgets, this section connects economic developments to their impact on audit, tax, and advisory work. Accountancy Today’s Economy coverage provides data-driven insights and expert commentary to help professionals assess risks, plan strategy, and advise clients effectively in a changing marketplace.

Revised ONS data reveals greater GDP drop in Q1 2020

The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has…

Supreme Court rules against Mastercard and Visa in interchange fees battle 

Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top…

UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the…

UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic

The continuing impact of the Covid-19 virus is expected to see the UK economy contract by…

Industry taskforce calls for action on Covid-19-related SME debt challenge

A new industry taskforce has published its early-stage thinking on how the private sector…

AAT welcomes movement for online platforms to collect and remit VAT

The Association of Accounting Technicians (AAT) has welcomed recent reports suggesting HMRC…

Over £5bn worth of late tax payments made in March as coronavirus crisis bites

HMRC added £5.05bn worth of late paid taxes to its debt collection systems in March 2020 as…

HMRC tax scams on the rise

The number of scam emails from those impersonating tax officials has reportedly…

Admission of unpaid expat tax surges 

The number of expats who admitted leaving UK tax unpaid surged to 867 last year, up from 66…

UK economy shrinks by 2% as pandemic takes its toll

The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the…
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