Vale & West Chartered Accountants Blog

Category Archives:Economy

Drunk people in the workplace cost UK economy £1.4 billion a year

New research has revealed that as many as 89,000 people are turning up to work hungover or under the influence of alcohol every day, costing the economy around £1.4 billion a year. Read More

ICAEW gives UK economy the green light

The UK economy has weathered the worst of the Brexit financial fallout and should be able to continue without “too much damage”, experts have said. Read More

Latest trading figures “demonstrate the growing appetite for British produce outside of the EU”

The demand for UK goods and services “is growing across the globe”, a new study has revealed. Read More

BCC “downgrades” UK economic growth in response to Brexit uncertainty

The British Chambers of Commerce (BCC) has this month downgraded its growth expectations for the UK economy in response to “continued Brexit uncertainty”. Read More

Barclays announce £14 billion fund to support UK businesses

Barclays bank have announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU). Read More

BoE holds interest rates as businesses cut back on investment ahead of Brexit

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has unanimously voted to maintain the UK interest rate at 0.75 per cent amid uncertainty about the potential nature and timing of the UK’s withdrawal from the European Union. Read More

Government announces consultation for plans to make HMRC a preferential creditor after insolvency

The Government has announced details of the first public consultation on its plans to make HM Revenue & Customs (HMRC) a secondary preferential creditor for certain tax debts which are paid by employees and customers after the insolvency of a business. Read More

MP’s calling for more to be done to help the high street

MP’s are backing calls for changes to the current tax regime in a bid to halt the current decline in UK high streets and town centres and allow them to flourish in the future. Read More

Could corporation tax cuts lose the UK £6.2 billion a year?

Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year. Read More

Employment and overall wages hit record highs

In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest it has been in two years. Read More

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