The BSI is setting a standard for accounting for natural capital. The project’s lead, Ece Ozdemiroglu, explains why the standard is crucial for financial sustainability in business.
Latest ICAEW Insights and accountancy news for November 2020
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27 November 2020: In the wake of the government’s Spending Review, this week’s chart focuses on the bigger picture and looks at the scale of public spending in relation to the size of the overall economy.
Jeremy Nicholls, Capitals Coalition ambassador and NED, explains why financial statement notes are an important stepping stone in recognising environmental and social data.
26 November 2020: Hidden in the spending review was a statement that some income tax allowances and thresholds and national insurance limits would increase in line with the September CPI figure. ICAEW’s Tax Faculty explains what this means.
26 November 2020: Against a gloomy backdrop of the largest annual GDP fall in 300 years, the Chancellor announced unparalleled levels of spending and borrowing to meet the challenges of COVID-19 in 2021 and beyond.
26 November 2020: The Office for Budget Responsibility presented its latest economic and fiscal forecasts to accompany yesterday’s Spending Review. As expected, the forecasts were far from pretty.
26 November 2020: The government’s plans for levelling up the UK are welcome, but more detail is needed on how funds will be spent and what that means for businesses.
26 November 2020: The Spending Review highlighted the crucial role private infrastructure investment must play in the COVID-19 economic recovery, with the confirmation of plans for a National Infrastructure Bank.
26 November: Smaller Announcements from the UK government’s spending review including, confirmation of a freeze in the business rates multiplier, funds for Companies House reform, a pledge that the UK Shared Prosperity Fund will match EU receipts and more apprenticeship funding for SMEs.
25 November 2020: The long-awaited National Infrastructure Strategy and the government’s response to the National Infrastructure Assessment were finally published yesterday alongside the Spending Review.