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The cost of living continued to soar last month, according to official figures. Prices rose by 6.2% in the 12 months to February – the fastest for 30 years – as fuel, energy and food costs surged. Prices are rising faster than wages and the Bank of England thinks it could hit double digits this […]

At first glance, Russia\’s invasion of Ukraine might seem well outside the purview of small to medium-sized accounting firms, especially in the UK and US. But while the war is being fought in Eastern Europe, the uncertainty and economic stress caused by the conflict means that businesses need trusted advice and calm counsel. Click on

Interest rates have increased for the third time in four months as the Bank of England tries to calm the rise in the cost of living. The rise from 0.5% to 0.75% means rates are now at their highest level since March 2020, when COVID-19 lockdowns began. Energy bills and food costs are increasing and

EY and Deloitte have followed their rivals and fellow big four accountancy firms KPMG and PwC by cutting off businesses in Russia and Belarus. The businesses will not necessarily close down but they will be legally separated, in the latest example of multinational firms responding to the invasion of Ukraine by pulling out of Russia.

Russia\’s invasion of Ukraine means significant uncertainty for the UK economy, the chancellor has warned. This is despite UK growth bouncing back in January as the effects of the Omicron COVID-19 variant began to ease.The economy grew by 0.8% compared with a 0.2% contraction in December according to the Office for National Statistics. However, one

The government has brought forward new legislation to tackle economic crime and improve corporate transparency. Following the commitments announced by the Prime Minister last week, the government has brought forward the Economic Crime (Transparency and Enforcement) Bill in light of Russia’s invasion of Ukraine. The new legislation will help the National Crime Agency prevent foreign

UK wage growth continued to lag behind the rising cost of living between October and December, figures show. Wages rose, but when taking inflation into account, pay showed a 0.8% fall from a year earlier, said the Office for National Statistics (ONS). Latest figures also show that the unemployment rate fell to 4.1% while job

A quarter of British employers have cited long COVID as a main cause of long-term sickness absences, a survey by a professional body has recently found, adding that it raised questions over how workers with the condition were being supported in their jobs. Prime Minister Boris Johnson is leading a strategy for the country to

Moving to a shorter working week could help to close the gender pay gap, according to a new report recently released. When unpaid and paid work is combined, women continue to work longer hours than men but for less money, while overwork and overproduction are a direct cause of climate change, the Women’s Budget Group

There could be as many as a million missing workers in the UK job market, experts say. Latest figures suggest that the vast majority of livelihoods survived the end of the furlough scheme, designed to protect the economy from the ravages of the COVID-19 pandemic. Fears of a huge spike in unemployment when the support