Industry News

Brexit uncertainty ‘affecting international trade’

A survey carried out by the British Chambers of Commerce (BCC) and DHL Express UK has revealed that almost half of businesses have Brexit uncertainty in mind when deciding whether to trade internationally. A further 48% of the 2,530 businesses polled are worried about exchange rate volatility, as this can affect the cost of raw […]


OTS launches consultation on impact of taxation on UK firms

The Office of Tax Simplification (OTS) has launched a new call for evidence, seeking views in regard to the impact of taxation on UK businesses. The call for evidence comes following the OTS’s April publication of a report which examined how the UK tax system affects firms at each of the key stages of their development, from […]


CBI publishes wishlist for 2018 Autumn Budget

The Confederation of British Industry (CBI) has published its wishlist ahead of the Autumn Budget, which is set to be delivered on Monday 29 October. Within its Budget submission, the CBI outlines ways to ‘unlock enterprise, increase the country’s competitiveness and attract more investors’. Carolyn Fairbairn, Director General of the CBI, has urged Chancellor Philip Hammond to focus on […]


Government publishes further ‘no deal’ Brexit documents

The government has published the latest batch of ‘no deal’ Brexit documents. A range of issues are covered within the documents, from consumer rights to existing free trade agreements. The latest technical notices also outline the consequences of a no deal scenario on accounting, corporate reporting and auditing. The government has stated that the corporate […]


Prime Minister announces fuel duty freeze

Prime Minister Theresa May has announced that fuel duty will be frozen for the ninth consecutive year. Speaking at the Conservative party conference, the Prime Minister stated that the government is ‘on the side of hard-working families’. She continued: ‘It’s for them that we cut income tax, introduced a National Living Wage (NLW) and extended […]


Government announces stamp duty surcharge for overseas buyers of UK property

The government recently announced that it intends to introduce a new stamp duty surcharge of 1% to 3% for foreign buyers of UK property. Prime Minister Theresa May announced the new surcharge during the Conservative party conference. The surcharge forms part of the Prime Minister’s plans to tackle the housing crisis and the issue of […]


BCC suggests UK economic growth is ‘flatlining’

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the UK economy is ‘stuck in a rut’, with economic growth ‘flatlining’. The BCC also found that Brexit uncertainty has helped to ‘weaken’ confidence amongst firms. The survey of 5,600 UK businesses suggested that the percentage of services firms attempting to […]