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Affinia expands Midlands presence with Towcester acquisition

Affinia expands Midlands presence with Towcester acquisition

The Uncommon Practice appoints director to lead regional growth

The Uncommon Practice appoints director to lead regional growth

Talent shortages force accountancy firms to turn away clients

Talent shortages force accountancy firms to turn away clients

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GDP

Our coverage on GDP provides accountants and financial professionals with timely analysis of the UK’s economic performance and its implications for the accountancy sector. Accountancy Today reports on quarterly and monthly GDP figures, including the 0.7% growth in Q1 2025—the strongest in a year—driven by increased household spending and manufacturing output. We also examine subsequent contractions, such as the 0.3% decline in April, and explore forecasts from the Office for Budget Responsibility and independent analysts, who anticipate growth between 1% and 1.3% for 2025. Our insights help partners, directors, and advisors understand how GDP trends influence client advisory, tax planning, and strategic decision-making within accountancy firms.

GDP

Our coverage on GDP provides accountants and financial professionals with timely analysis of the UK’s economic performance and its implications for the accountancy sector. Accountancy Today reports on quarterly and monthly GDP figures, including the 0.7% growth in Q1 2025—the strongest in a year—driven by increased household spending and manufacturing output. We also examine subsequent contractions, such as the 0.3% decline in April, and explore forecasts from the Office for Budget Responsibility and independent analysts, who anticipate growth between 1% and 1.3% for 2025. Our insights help partners, directors, and advisors understand how GDP trends influence client advisory, tax planning, and strategic decision-making within accountancy firms.

EY downgrades growth expectations for UK economy in 2024

The UK economy is now expected to grow by only 0.9% in 2024, down from the 1.1% growth…

Registered company insolvencies increase to 1,973

After seasonal adjustment, the number of registered company insolvencies in England and…

Accounting industry ‘fails to keep pace’ in August as revenues fall 8.7%

Revenues in the UK accounting industry fell by 8.7% to £3.43bn in August, according to the…

Mark Shaw begins role as managing partner of BDO UK

Mark Shaw has begun his role as the new managing partner at BDO UK.

Electronic invoicing and tax avoiders on chancellor’s agenda

New chancellor Rachel Reeves has revealed that she wants to add 5000 new officers to HMRC in…

BoE holds interest rates at 5%

The Bank of England (BoE) has decided to hold interest rates at 5% this month, having…

UK manufacturers yet to see growth prospects but remain hopeful, BDO says

Britain’s manufacturers have yet to see an immediate boost from the government change but…

Lending regulations clarity provides UK SME lifeline, says RSM UK

The PRA (Prudential Regulation Authority) has signalled it intends to limit the effects of…

BoE cuts interest rates for first time in 4 years 

The Bank of England (BoE) has cut interest rates for the first time in four years, with the…

Accountants’ adoption of AI could add £2bn to GDP, study finds

The accounting industry is on the brink of significant transformation as widespread AI…
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