Displaying 1-30 of 531 results
ICAEW calls for emergency taskforce to tackle HMRC backlog
- Article
- 08 Feb 2023
- ICAEW Insights
Ministers must set up a taskforce to deal with the unacceptable delays at HMRC, which are holding back the UK’s economic growth, says ICAEW.
New HMRC interest rates for late and early tax payments
- Article
- 06 Feb 2023
- ICAEW
Following the Monetary Policy Committee decision to increase the Bank of England base rate to 4%, HMRC has announced increases to both interest charged on late paid tax and the rate paid on repayments of tax.
What’s it like to… be a Level 7 apprentice
- Article
- 03 Feb 2023
- ICAEW Insights
Sunny Yang is two years into his apprenticeship and also chair of the London Students Society. He shares his experience so far and why he’s passionate about social mobility.
Interest rates rise to 4% but shallower recession predicted
- Article
- 02 Feb 2023
- ICAEW Insights
The Bank of England announces 10th successive increase in borrowing costs – but forecasts that the expected UK recession will be shallower and shorter than previously expected.
Chart of the week: IMF economic projections
- Article
- 02 Feb 2023
- ICAEW Insights
Our chart this week is on the global economy and how the UK is at the bottom of the IMF’s league table for economic growth in 2023 and 2024.
Accountancy recruitment outlook buoyant as recession beckons
- Article
- 31 Jan 2023
- ICAEW Insights
How concerned should professionals be about opportunities and pay in the next 12 months? Two finance recruiters provide a broadly encouraging overview.
UK business confidence crashes to 13-year low
- Article
- 26 Jan 2023
- ICAEW Insights
ICAEW’s latest Business Confidence Monitor finds a weakened economy and depleting customer demand have caused confidence to plunge to 2009 global financial crisis levels.
Public sector net debt tops £2.5trn for the first time
- Article
- 24 Jan 2023
- ICAEW Insights
The highest December deficit on record has been driven by higher debt interest costs and the cost of energy support schemes.
Cost-of-living crisis to last until end of 2024
- Article
- 19 Jan 2023
- ICAEW Insights
Times are expected to get worse before they get better, with far-reaching impacts on financial resilience and health, Resolution Foundation report warns.
Slowing inflation not easing the cost of living crisis
- Article
- 18 Jan 2023
- ICAEW Insights
Official data reveals that UK inflation slowed for the second successive month in December as fuel prices continued to fall.
HMRC relief statistics: costs in line with tax receipts
- Article
- 18 Jan 2023
- ICAEW
The annual release of tax relief statistics, published on 12 January 2023, shows a significant rise in the cost of some reliefs. However, overall, the percentage increase in cost between 2020/21 and 2021/22 was less than the increase in tax receipts over the same period.
Bleak prospects for 2023 despite surprise November GDP increase
- Article
- 13 Jan 2023
- ICAEW Insights
Latest official estimate confirms that the UK economy surprisingly grew in November as the boost to consumer activity from the Qatar World Cup helped lift overall activity.
Chart of the week: UK public finances 2022/23
- Article
- 12 Jan 2023
- ICAEW Insights
Our chart this week compares the UK public finances for the current fiscal year with the overall size of the economy.
Ideas on fiscal devolution clash as economic progress stalls
- Article
- 10 Jan 2023
- ICAEW Insights
Gordon Brown’s constitutional commission calls for greater fiscal devolution, going much further than the government’s gradual rollout of levelling-up devolution deals.
How to solve the productivity conundrum
- Article
- 09 Jan 2023
- ICAEW Insights
While weak productivity is a contemporary international phenomenon, the British case is particularly acute. We ask what UK business can do to help reverse the trend.
Debt finance now at most expensive since 2009
- Article
- 09 Jan 2023
- ICAEW Insights
Businesses may be facing a multitude of challenges, but CFOs’ concerns over the macroeconomic outlook are easing, according to new research.
Economists forecast major setbacks in bleak 2023 outlook
- Article
- 06 Jan 2023
- ICAEW Insights
Real wages dropping to 2006 levels, house prices declining by 8%, a fall in happiness, a spike in divorces – just a few predictions from PwC.
Chart of the week: Peak inflation?
- Article
- 05 Jan 2023
- ICAEW Insights
Inflation is believed to have peaked last quarter before being forecast to fall significantly over the course of 2023. We hope.
How the UK’s dysfunctional housing market may affect employers
- Article
- 03 Jan 2023
- ICAEW Insights
The combination of a housing market in crisis and new working trends mean the onus is on employers to balance the longer term needs of the business with the needs of the employee.
What can we expect from 2023?
- Podcast
- 03 Jan 2023
- ICAEW Insights
On the latest ICAEW Insights podcast, we look ahead to what 2023 might hold for the UK economy and the work of finance professionals.
Public sector debt exceeds annual forecast in eight months
- Article
- 23 Dec 2022
- ICAEW Insights
Higher interest costs and energy support packages push public finances further into the red as the £105bn deficit heads towards revised forecast for the year of £177bn.
HMRC interest rates for late and early payments increase again
- Article
- 20 Dec 2022
- ICAEW
As HMRC interest rates are linked to the Bank of England base rate, its 15 December increase from 3% to 3.5% has triggered another increase in rates for late payments and repayment of tax.
UK interest rates rise to 14-year high
- Article
- 15 Dec 2022
- ICAEW Insights
Bank of England hikes interest rates to their highest level since 2008 in an attempt to deal with soaring inflation amid the cost-of-living crisis.
Chart of the week: Christmas 2022
- Article
- 15 Dec 2022
- ICAEW Insights
Our final chart of 2022 shows how spending on Christmas is expected to fall significantly this year as the cost-of-living crisis takes its toll on family finances.
Untangling the events and impacts of 2022
- Podcast
- 15 Dec 2022
- ICAEW Insights
In this Insights In Focus episode, we review the major events of 2022 and their contribution to ongoing economic uncertainty.
Review of the Year: what ICAEW members think
- Article
- 14 Dec 2022
- ICAEW Insights
Feedback from ICAEW members sheds light on the stories behind the headline findings of ICAEW’s Business Confidence Monitor. Simon Gray, ICAEW’s Head of Business, reviews 2022’s rollercoaster ride.
Painful deceleration on the way as inflation slows
- Article
- 14 Dec 2022
- ICAEW Insights
Official data from the Office for National Statistics reveals that UK inflation slowed slightly to 10.7% in November, but still the second highest rate since August 1980.
Planning for the 2022/23 reporting season in a tough economy
- Article
- 13 Dec 2022
- ICAEW Insights
ICAEW’s Financial Reporting Faculty looks at the implications of current economic conditions for the upcoming reporting season.
Government late payment review announced
- Article
- 13 Dec 2022
- ICAEW Insights
Billions in outstanding invoices currently owed to small businesses present a barrier to productivity, the creation of high-skilled jobs and economic growth, Business Secretary warns.
October’s GDP rise a false dawn for UK economy
- Article
- 12 Dec 2022
- ICAEW Insights
Latest official estimate confirms that the UK GDP grew in October as the economy bounced back from September when an extra bank holiday for the Queen’s funeral suppressed growth.
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