Economy
Accountancy Today provides UK finance professionals and accountants with timely analysis of economic trends, policies, and events that impact the business and financial landscape. Our coverage focuses on how shifts in inflation, interest rates, government fiscal policies, and global economic developments affect corporate finance strategies, budgeting, forecasting, and risk management.
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Jul- 2025 -17 JulyAudit
FRC unveils guidance to improve SME audit market
The Financial Reporting Council (FRC) has launched a consultation on guidance aimed at helping auditors deliver more proportionate audits, having published emerging findings from a market study on how effectively the audit market serves SMEs. The guidance and interim findings are part of a year-long FRC campaign to help SMEs…
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16 JulyEconomy
Inflation jumps to 18-month high of 3.6% in June
Inflation unexpectedly increased to a near 18-month high of 3.6% in June, driven by the rising cost of transport and food, according to the latest figures from the Office for National Statistics (ONS). The figure is the highest recorded since January 2024, when the rate was 4.0%. On a monthly…
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14 JulyPeople Moves
Johnston Carmichael appoints new head of technology and life sciences
Johnston Carmichael has appointed Calum Purdie as its new head of technology and life sciences. Purdie joined the independent accountancy and business advisory firm two years ago and succeeds partner Shaun Millican, who now serves as head of business advisory and sits on the board. Initially appointed as technology and…
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14 JulyPeople Moves
PKF Smith Cooper appoints two new indirect tax managers
PKF Smith Cooper has announced the appointments of Ali Garner and Tony Chamberlain as indirect tax managers. Garner joins from KPMG where she gained experience working with bigger clients in a variety of sectors, including businesses who trade outside of the UK. She has previously supported a number of university…
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14 JulyBusiness Regulation
FCA shuts down 1,600 websites in crackdown on financial crime
The Financial Conduct Authority (FCA) has suspended, removed or blocked more than 1,600 websites in 2024 as part of efforts to combat financial crime, its annual report has revealed. The regulator said the sites were suspected of promoting financial services without authorisation. It also worked with technology platforms to remove…
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11 JulyEconomy
Economy unexpectedly shrinks 0.1% in May
Monthly real gross domestic product (GDP) unexpectedly fell 0.1% in May 2025, following an unrevised fall of 0.3% in April 2025 and growth of 0.4% in March 2025, according to the latest figures from the Office for National Statistics (ONS). Gross domestic product (GDP) rose by 0.5% in the three…
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7 JulyBusiness
UK employment stagnates at 13-year low, BDO finds
The UK’s employment outlook remains stagnant, with the labour market stuck near its lowest level in over a decade, according to the latest Business Trends report from BDO. The Employment Index fell again in June to 94.22 from 94.32 the previous month, nearly at a 13-year low. Despite some positive…
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4 JulyFeatures
Why accountants want a say in schools’ financial literacy reform
Grace Hardy was 19-years-old when she got her first payslip. It was £1,667 before tax and to her, it was the most money she had ever seen. The only issue was no one had ever told her what to do next. In her own words, she admits: “I didn’t know…
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Jun- 2025 -27 JuneBusiness
VC and PE drive record UK circular economy investment, says BDO
Investors led by venture capital and private equity firms have injected a record amount of capital into the UK’s growing circular economy sector, according to research from BDO. British circular economy businesses attracted £2.2bn in disclosed funding last year, a 64% increase on 2023’s figure, with 2024’s total boosted by…
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23 JuneAccounting Firms
Ashmole and Co appoints six new trainees
Wales accountancy firm Ashmole and Co has appointed six new trainees as part of its apprenticeship scheme, including a youth international cricketer from Carmarthenshire. The group, which has offices across south and mid Wales, said the new recruits had joined through its initiative to support young talent and local employment.…
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