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The Latest Breaking News from ICAEW

HMRC taking more than a year to pay out tax rebates

Taxpayers talk of having to borrow cash and wait for months amid ‘significant backlogs’ in processing of claims

The Guardian - UK

UK accounting body to halt remote exams amid AI cheating

Candidates will have to sit assessments in person unless there are exceptional circumstances, says ACCA

The Guardian - UK

UK business confidence falls to lowest level in over two years, survey shows

Accountants’ institute says first quarter of 2025 was ‘harrowing’ for companies amid tax rises and US tariffs

The Guardian - UK

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Business confidence sinks as firms weigh twin impact of US tariffs and tax rises

A poll of UK bosses indicated that sentiment is at its lowest point since late 2022, when inflation was surging to historically high levels.

Evening Standard

UK business confidence sinks to lowest level in years after tariff chaos

Taxation has emerged as a major concern for businesses

The Independent UK

Business confidence suffers biggest fall since Ukraine invasion after Reeves Budget

Accountancy body warns steep decline was driven by unprecedented concerns over the impact of the tax burden and weaker domestic sales growth.

Evening Standard

‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

Since winning the UK’s general election in July, Labour has faced sharp swings in the economic outlook and a shifting public mood.

The Independent UK

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Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

The Independent UK

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK

When will interest rates fall? Experts warn of ‘more pain to swallow’ after latest hike

Mortgage rates could remain elevated ‘indefinitely’, analyst says

The Independent UK

The coronation has shown Britain at its very best

Change is happening and the monarchy certainly looks and feels very different than it did when the late Queen began her reign

Birmingham Post

Business confidence in the South West recovers slightly, but remains fragile

ICAEW Business Confidence Monitor found that domestic sales growth in the South West was the slowest in the UK, rising at 3.7% a year

Birmingham Post

Scottish business confidence remains negative as challenges persist

Latest accountancy industry survey does show improving sentiment from record lows at the end of 2022

Insider UK

Business confidence falls in the West Midlands as recession looms

ICAEW Midlands calls on Chancellor to announce plan for long-term economic growth

Birmingham Post

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Birmingham Post

Autumn Statement: Government urged to restore business confidence as firms hit by late payments and rising costs

The Institute of Chartered Accountants in England and Wales has called on the chancellor to outline a plan to generate long-term economic growth

Birmingham Post

Confidence falls in Humber and Yorkshire as firms face cost of doing business crisis

The latest ICAEW survey revealed confidence fell for a fourth successive quarter and was now in negative territory

Insider UK

Confidence falls in Scotland as cost-of-doing-business rises

Only companies in Wales had lower levels of confidence during the third quarter

Birmingham Post

Business confidence in Wales lowest in UK as firms face cost of business crisis

However Welsh export growth outpaced the rest of the UK

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news in one place.

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Birmingham Post

Business confidence in Wales remains higher than UK average but concerns over tax burden

ICAEW’s Business Confidence Monitor for Wales for Q2 2022 did find confidence was starting to slip

Insider UK

Business confidence lowest in Scotland, despite record sales boost

The proportion of companies in Scotland reporting problems with staff turnover was also significantly above historical averages

People

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