Basel 3.1 supposedly risks banks’ ability to lend.
Current Affairs
Increased shopping boosts economy
The economy grew by 0.2%, fueling optimism.
Retail figures shift through February
Sales figures increased by 1.1% year-on-year.
Spring Budget: OBR looks ahead
Slight growth expected through 2024 and beyond.
Companies House launches new powers to fight fraud
Introduction of powers aims to reduce strain on businesses.
UK house prices rise as interest rates fall
Average house price increased by 1.2% compared to last year.
UK banks close over 140,000 SME accounts
New figures indicate a concerning trend in the banking sector.
ICAEW advocates bold future action for economy
Professional body emphasises need for tax simplification.
HMRC performance survey sparks scrutiny
Negative feedback expected due to summer helpline closures.
Government finances show biggest surplus in 30 years
A £16.7bn surplus has been reported.
Maximum council tax hikes imminent
Most English councils to raise council tax by 4.99%.
Record long-term sickness could harm economy
UK’s workforce is 700,000 smaller than pre-Covid levels.
UK enters recession amid economic challenges
GDP falls by 0.3%.
HMRC cautions self-assessment customers against scammers
There has been a 14% increase in suspicious contacts.
UK annual inflation remains stable at 4%
Food and furniture costs ease.
Hunt responds to labour market statistics
Real wage growth remains positive.
UK sees record company formations in 2023
Over 900,000 new companies created.
Landlord mortgage arrears double within a year
Rise attributed to elevated mortgage rates.
ICAEW outlines recommendations to boost UK productivity
The 16-point manifesto focuses on 7 key areas.
Over a million miss self-assessment deadline
Late filing rises by 10% compared to last year.
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