Category: Accountancy

UK recruiter emerges from insolvency for third time, avoiding millions owed in tax

Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a yearA UK recruitment business has been acquired out of administration for a third time in four years as part of a succession of...

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Birmingham city council was probably never bankrupt, says accountancy expert

Declaration in 2023 that led to spending cuts was based on underestimation of reserves of more than £1bn, shows fresh analysisUK politics live – latest updatesBirmingham city council was “likely never bankrupt” and the decision...

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Scrapping of audit watchdog for English councils ‘led to soaring costs and chaos’

High critical report finds that instead of promised annual saving of £100m, fees have rocketed amid financial crisisDavid Cameron’s “bonfire of the quangos” decision to abolish England’s council spending watchdog has left a...

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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 tariffsUK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and...

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UK job vacancies fall at fastest rate since pandemic as business confidence slumps

Blow to Labour growth hopes as poll finds demand for staff falling at ‘sharp and accelerated pace’, particularly in permanent rolesThe number of job vacancies in November fell at the fastest rate since the start of the pandemic,...

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UK public bodies spent ‘scandalous’ £3.4bn on private consultants last year

New figures reveal the public sector paid out at least 60% more to consultancies than it did before the pandemicPrivate consultants were paid a “scandalous” £3.4bn by public bodies last year, new figures reveal.The statistics,...

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‘Scandalous’ £3.4bn UK state spending on private consultants last year

New figures reveal that public bodies paid out at least 60% more to consultancies in 2023-24 than it did pre-pandemicPrivate consultants were paid a “scandalous” £3.4bn by public bodies last year, new figures reveal.The...

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Super-rich being advised how to avoid Labour tax clampdown, undercover investigation suggests

Revealed: Wealthy being pitched offshore products said to shelter fortunes from inheritance tax and capital gains taxThe super-rich are being advised how to use a loophole in pensions investments to shelter their wealth from...

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Failure to seal post-Brexit deal would more than halve UK growth, says KPMG

Accountancy firm warns of stalled economic recovery without EU trade agreementFailure to strike a post-Brexit trade deal would cut the UK’s economic growth rate by more than half next year, delaying a full recovery from...

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