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IMF’s 2025 Interest Rate Outlook: Key Takeaways

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...

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The Spring Statement: the impact for small business

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...

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The Autumn Statement 2024: How it affects your small business

Here’s your breakdown of the major business announcements from the Autumn Statement 2024. A budget to fix the foundations of the economy Rachel Reeves, the Chancellor of the Exchequer, delivered the Autumn Statement on 30 October 2024, saying that this was a budget intended to fix the foundations of the economy, deliver change for working people, mend the...

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Spring Budget 2024 – the key points for business owners

The Chancellor, Jeremy Hunt, delivered his second Spring Budget on 6 March 2024. This Budget aimed to appeal to the taxpaying masses, with cuts to National Insurance and a rise to the threshold for VAT registration. But was it too little, too late for the UK economy? We’ve summarised the main points, so you can see how the...

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The business impact of the Autumn Statement

The Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement on 17 November 2022. The £30bn cost of his predecessor's catastrophic ‘mini budget’ hung heavily over this financial statement. Mr Hunt’s job was to reinstate confidence in the Government’s fiscal capabilities and to inject some optimism into the global perception of the UK economy. To do this,...

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Why You Should Hire a Chartered Accountant

Many small business owners try to avoid high costs by hiring an accountant who is not qualified. However, this often leads to higher costs down the road. It is important to consider the cost of hiring a chartered accountant to avoid these problems. The main difference between a chartered accountant and a non-chartered accountant is that a chartered...

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Jeremy Hunt’s Autumn statement – 2022

The Chancellor of the Exchequer, Jeremy Hunt, delivered his much-anticipated Autumn Statement on 17 November. Here’s our summary of the main points of interest. In his opening remarks, Mr Hunt said his priorities are stability, growth and public services: Stability - Stability is about reassuring the market. The Chancellor announced the following new, ‘fiscal rules’ that public sector debt...

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The mini-budget: what’s been scrapped?

As the old saying goes, a week is a long time in politics. But keeping up with the recent changes in policy, tax legislation (and job titles) over the past three weeks has become a full-time job! In a shock move, Kwasi Kwarteng was sacked from his role as Chancellor of the Exchequer on 14 October and was...

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