Vale & West Chartered Accountants Blog

Category Archives:Finance

Innovative ideas to change the world: new business funding

Innovate UK Smart funding launches with £20 million grant competition for ambitious projects that could disrupt a global industry or market. Read More

HMRC takes new measures to toughen stance on debt recovery

HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial 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

Small conveyancing firms struggle to retain market share, suggests report

The total number of conveyancing firms has fallen to an all-time low as large, nationwide firms continue to dominate the market, a study has revealed. Read More

Businesses to be named and shamed under proposed new late payment system

A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments. Read More

Credit Cards funded UK summer spending spree

Industry figures have revealed that credit card lending is rising at its fastest pace since February after the summer’s hot weather boosted retailers. 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

Summer spending continued through August

According to data from Barclaycard, people in the UK have continued to splash the cash this summer, with consumer spending up 4.5 per cent in August compared to the previous year. Read More

Record high of £14.6bn paid in corporation tax by UK financial services sector

The UK financial services (FS) sector paid a record high of £14.6 billion worth of corporation tax (including Bank Levy) in the last year, up 24 per cent from the £11.8bn paid during the 2015/16 financial year according to industry figures. Read More

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