Jul 30, 2024 | Current AffairsGovernment Announcements
The Budget date has been set for Wednesday, 30 October, as Chancellor Rachel Reeves outlines plans to address a £20bn deficit. This will be the first opportunity to see Labour’s tax policy direction under the new administration. Reeves has pledged not to raise income...
Jul 29, 2024 | Current Affairs
Britain has fallen to 12th in the global manufacturing rankings, the lowest since the Industrial Revolution. Producing $259 billion (£200bn) annually, this drop places the UK behind countries like Russia, Taiwan and Mexico, according to Make UK’s analysis of 2022...
Jul 26, 2024 | Current Affairs
No new 1p and 2p coins will be ordered by the Treasury from The Royal Mint this year, pointing to a decline in cash use. A review revealed that there are already enough of these coins in circulation. UK Finance reports that 39% of adults are largely cashless, though...
Jul 25, 2024 | Current Affairs
The Financial Reporting Council (FRC) has reported a decrease in outstanding misconduct cases against audit firms, dropping from 52 in autumn 2021 to 35 in March 2024. However, only 53% of enforcement cases were concluded within the two-year target. The FRC spent £4.7...
Jul 24, 2024 | Current Affairs
Despite the UK's shift towards a cashless society, there has been an unexpected 66% increase in the number of people using notes and coins for daily spending. The UK Finance Report revealed that while contactless and mobile payments rose, cash payments initially saw a...
