Jeremy Hunt

Today’s news in brief – 26/3/2025

ICAS CEO Bruce Cartwright has expressed disappointment over former chancellor Jeremy Hunt’s suggestion that graduates should avoid accounting careers due to AI. Cartwright acknowledged AI’s impact but defended accountancy’s continued relevance in ensuring financial transparency and supporting business growth. He invited Hunt to review ICAS’ future-ready syllabus, designed to integrate…

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ICAS chief ‘disappointed’ over Hunt’s accountancy claims

Bruce Cartwright, CEO of ICAS, has written an open letter to former chancellor Jeremy Hunt expressing his disappointment after Hunt claimed that graduates should avoid entering the accountancy profession. While Cartwright admitted that there were valid concerns to be addressed regarding the potential impact of AI on the profession he…

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Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance, falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”.The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are self-employed. …

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What accountants should expect from the Budget

Chancellor Jeremy Hunt gave accountants plenty to chew over at his last Budget, with a rapid reduction in NICs, full expensing made permanent, and several decisions on business rates. His next Budget, due on March 6, will be hotly-watched by the business community and accountants as they press for a…

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Today’s news in brief – 23/11/2023

The accountancy sector has welcomed Chancellor Jeremy Hunt’s Autumn Budget, applauding the permanent extension of full expensing for businesses and a 2% cut in employee national insurance. ACCA sees it as a step toward stable economic growth, but concerns arise about fiscal drag effects due to unadjusted tax thresholds. Hunt…

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Industry reacts: Accountants welcome NI cut despite fiscal drag concerns

The accountancy sector has primarily welcomed plans to make full expensing permanent for businesses as well as a 2% cut in employee national insurance, as unveiled by the chancellor Jeremy Hunt in the Autumn Budget yesterday (22 November). Professional body ACCA has said that encouraging investment in businesses and incentivising…

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Chancellor cuts National Insurance to 10% alongside NLW rise

Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…

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IHT receipts set for record breaking year

HMRC has revealed that Inheritance Tax receipts were worth £4.6bn between April and October 2023, £0.5bn higher than the same period last year. As a result of this many experts believe that IHT is set for another record breaking year. Higher receipts in June and October 2023 can be put…

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Today’s news in brief – 20/11/2023

Evelyn Partners has strengthened its Leeds investment management team with the appointment of Matthew Wells, a seasoned professional with over 25 years’ experience. Wells specialises in managing portfolios for charities and private clients, contributing to Evelyn Partners’ growth plans in the region. The FCA censures NMC Health for operating dual…

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ACCA urges chancellor to act swiftly on audit reform

Global professional accountancy body ACCA has written an open letter to Chancellor Jeremy Hunt ahead of the Autumn Budget Statement expressing its concerns about UK economic progress for the future. The letter highlights the need for swift completion of the audit reform process, incentivising investment and HMRC service improvements to…

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