Donald Trump is increasing tariff changes between the U.S., the UK, and the EU, which could have widespread consequences for British businesses that rely on transatlantic trade and investment. Impact on British Businesses: Increased Costs for Exporters and Importers: UK companies exporting to the U.S. may face higher tariffs, reducing competitiveness. Businesses importing U.S. goods could see rising costs on raw...
Introduction The International Monetary Fund (IMF) has recently provided updated projections on global interest rates, offering crucial insights for businesses. As accountants, understanding these developments is essential for advising you and planning for the future. Global Interest Rate Trends IMF Managing Director Kristalina Georgieva indicated that while inflation is decelerating, core inflation remains persistent. Consequently, interest rates are expected to...
The Chancellor of the Exchequer, Rachel Reeves, delivered the Spring Statement on Wednesday 26 March. With the full Budget now moved to the Autumn, the Spring Statement was a chance for the Labour Government to respond to the latest economic forecasts from the Office of Budget Responsibility (OBR) and to set out its wider economic strategy. But, as...
What’s the main thing that holds you and your business back? Chances are it’s the unavoidable manual tasks and low-level administrative responsibilities that eat into your time. But in 2025, these are tasks that artificial intelligence (AI) is more than capable of taking on. With a growing number of AI agents and assistants out there in the market,...
The Bank of England recently announced a drop in the UK base interest rate, with a drop from 4.75% to 4.5%. The final impact of this drop can be both positive and negative for your small business, so it’s worth understanding the effect that interest rate changes can have. Let’s take a look at how a drop in...
Being in financial distress is incredibly worrying for any business owner. When you’re facing County Court Judgements (CCJs), mounting debt and the possibility of insolvency, it can seem like there’s very little light at the end of the financial tunnel. The latest report from insolvency experts at Begbies Traynor shows a record number of UK businesses finding themselves...
Tech-savvy businesses are taking big strides in making software, AI and automation work for their enterprise. Going digital could be one of the smartest moves you make. In this series, we’ll look at some key ways to optimise your business, exploring different avenues to evolve your enterprise and create a legacy you can be proud of. Let’s explore...
‘Uncertainty’ has been the defining phrase for the first half of the 2020s. The markets are unstable, supply chains have been wobbly and finding talent has been difficult. But as we head into 2025, and the second half of the decade, what are the major threats, opportunities and challenges that your business should focus on? We’ve highlighted five...
Business rates can be a major overhead when you’re running a shop or hospitality business. But the good news is that your business may be eligible for relief on these rates. Retail, hospitality and leisure relief is available for eligible businesses that meet the criteria. And if that’s you, you could be looking at a 75% cut to...
When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your specific circumstances, but there are some basic considerations to help you weigh up the options. The advantages of buying Buying gives you certainty and ownership, at a higher upfront price, but a lower total price. Owning...
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