NEWS

The UK inflation rate has unexpectedly risen to 3.6% in June 2025, marking the highest level since January 2024. The increase, driven by rising costs in food, clothing, and transport, is sparking concern across households and businesses alike.Despite previous forecasts expecting inflation to hold steady at 3.4%, the latest figures released by the Office for […]

The ACCA (Association of Chartered Certified Accountants) has released its latest annual Report on Regulation, outlining the key regulatory priorities for the year ahead. The report reflects an evolving landscape shaped by global uncertainty, growing demands for transparency, and the increasing importance of sustainability reporting.The Regulatory Board—responsible for overseeing ACCA’s regulatory systems—has reaffirmed its commitment

Chancellor Rachel Reeves’ earlier plans to save billions in welfare costs have largely unravelled, following government U-turns — most notably on the Winter Fuel Allowance. This has significantly reduced the £10bn fiscal buffer originally intended to safeguard the UK’s public finances. With the Autumn Budget approaching, the Chancellor now faces five main options to get

Fitch Ratings has warned that the global economy is heading for a slowdown, largely driven by what it describes as the most significant trade conflict since the 1930s. The ongoing tariff dispute between the US and China continues to disrupt international markets and weigh heavily on business and consumer confidence worldwide.The agency recently revised its

The Bank of England’s Monetary Policy Committee (MPC) has voted to keep the base rate at 4.25%, despite growing signals that interest rate cuts may be considered in the coming months.In a 7–3 split decision, policymakers opted to hold the rate, with meeting minutes revealing that concerns over a weakening UK labour market have become

Chancellor Rachel Reeves has delivered the UK’s first multi-year Spending Review since 2021, outlining departmental budgets for day-to-day operations and long-term investment through to the end of the decade. Here’s a breakdown of the key announcements that may impact businesses, individuals, and the broader economic environment.🏥 HealthNHS England’s operational budget will rise by 3% in

At its recent Sage Future conference in Atlanta, Sage announced a significant leap forward in artificial intelligence (AI) integration across its accounting platforms. These developments are set to fundamentally reshape how businesses and accountants interact with financial software — with potential time savings, efficiency gains, and risk mitigation benefits.Key Announcements and What They Mean for

The Chancellor, Rachel Reeves, has outlined detailed plans to reshape the UK’s pension system with the creation of £25 billion “megafunds”, aiming to unlock economic growth and improve pension outcomes for millions of workers.These reforms, inspired by successful models in Canada and Australia, are designed to consolidate pension schemes, promote local investment, and deliver stronger

Autumn Tax Rises on the Horizon? What Higher UK Borrowing Means for Your BusinessNewly released figures from the Office for National Statistics (ONS) show that government borrowing rose to £20.2 billion in April 2025 — £1 billion higher than the same month last year and significantly above forecasts. This marks the fourth highest April borrowing

The UK economy grew more than anticipated in the first quarter of 2025, according to data released by the Office for National Statistics (ONS). Gross Domestic Product (GDP) rose by 0.7% between January and March, surpassing analyst forecasts of 0.6%.This growth was primarily driven by a strong performance in the services sector, with notable contributions