Feb 8, 2024 | Current Affairs
The Institute for Chartered Accountants in England and Wales (ICAEW) has outlined a manifesto to urge political parties to develop a new vision for the UK economy ahead of the general election. The ICAEW's focus is on seven key areas, including enhancing economic...
Feb 5, 2024 | Current AffairsGovernment Announcements
In a press release, HMRC disclosed receiving 11,027,962 self-assessment tax returns for the 2022/23 tax year. With 12,187,811 taxpayers expected to file, this indicates that over 1.1 million individuals missed the 31 January deadline - a 10% increase from the previous...
Feb 2, 2024 | Current Affairs
The Bank of England (BoE) has opted to maintain interest rates at 5.25% for the fourth consecutive time. The outcome emerged from a Monetary Policy Committee vote, with a majority of 6-3 in favour of holding the rate. Two committee members advocated for an increase,...
Feb 1, 2024 | Current Affairs
Chancellor Jeremy Hunt has told reporters that there is little scope for further tax cuts in the Spring Budget. In last year's Autumn Statement, the Chancellor announced various tax breaks, including a cut to the main rate of National Insurance from 12% to 10%. In...
Jan 31, 2024 | Current Affairs
In 2023, there was a notable surge in corporate insolvencies in England and Wales, with 25,158 companies closing their doors, marking a 13.7% increase from 2022 and a substantial rise from pre-pandemic levels in 2019. Nicky Fisher, president of R3, the UK's insolvency...
