Vale & West Chartered Accountants Blog

Category Archives:Economy

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

High Street sales continue to fall in December as retailers faced worst sales on record

For the sixth year in a row, sales have fallen on Britain’s high streets in December. Read More

Uncertainty stalling UK economic growth, warns BCC report

UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned. Read More

UK retail figures jump in November following sales boost

The latest figures from the Office for National Statistics (ONS) have shown that retail sales have increased at a much faster rate than anticipated. Read More

Wages showing fastest increase in almost a decade

According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September. Read More

Government announce proposals to end late payments for small businesses

The Government has proposed new measures to tackle the issue of late payments to small businesses by larger companies who abuse their position in the market. Read More

Millennials hit hardest by financial crisis

According to figures from the Institute for Fiscal Studies (IFS), earnings for UK workers are still lower than they were in 2008, having failed to recover in the decade since the financial crisis, with millennials the hardest hit. Read More

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