The economy covers production, distribution and trade while also referring to the consumption of services and goods by various agents (such as businesses, organisations and government as well as individuals). Read our posts about the economy to learn more.

Posts

Brexit Article

Brexit impact has been a hot topic of debate in our offices over the last several months. We have been asking what affect, if any, that Brexit will have on us as professional accountants and tax advisers.

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The latest chancellor’s budget has been seen as one of the most divisive in recent history. The first Tory-only cabinet in 19 years has provided promises of investment and tax reliefs that are a boon

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Accelerated Payment Regime

With the accelerated payment scheme now brought in by HMRC this may be a good time for clients who have concealed income offshore or have been party to a tax avoidance scheme, to consider making a voluntary settlement.

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Aside from the traditions of the red box and the chancellor having an alcoholic drink while delivering his speech, both which still stand to this day (although only one of them is usually still adopted),

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UK Business Optimism at Record High

Optimism that UK Business is doing the best it has done in over two decades has been bolstered by a new survey by Lloyds. The research has shown that belief has surged over the past few months throughout the UK and in the vast majority of sectors. More studies have highlighted even more growth in the areas of export and investment over the coming year which is a good reason to start feeling good that things are finally improving.

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Surprise July Deficit Comes as Blow to UK Government

The UK’s public sector recorded an unexpected deficit in July. Public sector net borrowing totaled £62 million, according to the Office of National Statistics (ONS).

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Growth in UK Manufacturing

In June of this year UK manufacturing showed its strongest growth in two years. This appears to have boosted many people's hopes of an economic recovery. The purchasing managers' index (PMI) was 52.5 last month, which is a strong indication of growth since any figure above 50 is considered an improvement.

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Eurozone Unemployment Rises to Record High

Eurozone unemployment stood at 12.2% in April. More than 95,000 new people were out of work with the 17 Eurozone countries having 19.38 million unemployed.

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Corporate Tax Avoidance Action Sought at EU Summit by David Cameron

EU leaders have been urged to help take action on extreme corporate tax avoidance schemes by large corporations at the latest EU summit.

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Recession Double Dip Avoided by UK?

Has the recession double dip been avoided by the UK?

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