Oct 21, 2024 | Current Affairs
A recent report by the Office for National Statistics (ONS) has revealed that the UK’s real gross domestic product (GDP) per head remains 0.6% below pre-pandemic levels as of mid-2024, despite a 2.9% growth in total GDP since 2022. The gap between population growth...
Oct 16, 2024 | Current Affairs
The Chancellor, Rachel Reeves, has called on business leaders to boost investment in small businesses and start-ups. Addressing CEOs, investors, and founders, she pledged the Treasury’s full support, stating that entrepreneurs “have a friend in me” and...
Oct 15, 2024 | Current Affairs
Wage growth has fallen below 5% for the first time in over two years, narrowing the gap with inflation and increasing the likelihood of further interest rate cuts. According to the Office for National Statistics (ONS), regular pay (excluding bonuses) rose by 4.9% in...
Oct 14, 2024 | Current Affairs
After a flat July, the UK economy grew by 0.2% in August, with construction and manufacturing leading the way. Construction saw a 0.4% increase, driven by a 3.4% rise in private new housing projects and a boost in repair work. This suggests early positive effects from...
Oct 10, 2024 | Current Affairs
The International Accounting Standards Board (IASB) has completed its post-implementation review of IFRS 15, the revenue recognition standard, concluding that it is working as intended and providing valuable information for investors. Issued in 2014, IFRS 15 was the...
