EY pushes back graduate start dates as deals market slows October 13, 2024 Accounting giant EY has postponed the start dates for around 200 graduate hires as it grapples with a slowdown in business activity. New recruits set to begin their roles at the company’s strategy arm, EY-Parthenon, in the US next month or in January will now not be needed until mid-2024. To support affected recruits, EY [...]
Capital gains tax could be hiked to almost 40 per cent October 10, 2024 Capital gains tax could be hiked by Chancellor Rachel Reeves to almost 40 per cent in the Budget, according to reports. The Guardian has reported that the Treasury is modelling a range of between 33 per cent to 39 per cent. Around 350,000 people pay the wealth tax with is levied on the sale of [...]
EY calls for more support for female founded businesses October 7, 2024 The UK economy risks jeopardising a £7bn contribution from female-founded companies unless there is stronger support for rising women entrepreneurs, a new EY report has warned. The report identified over 240 female-founded and led UK businesses with revenues between £20m and £50m that could grow into so-called ‘superscalers’ with the right resources and backing. It [...]
Labour capital gains hike would probably cost Treasury money, experts warn October 3, 2024 As the budget approaches, speculation is mounting that Chancellor Rachel Reeves is planning to reform CGT to help fill an alleged £22bn blackhole in the public finances.
EY appoints veteran Anna Anthony as new UK boss October 1, 2024 Big Four firm EY has appointed Anna Anthony as its next UK and Ireland regional managing partner, replacing Hywel Ball
Cyber incidents are the Achilles heel for major UK CEOs, report finds October 1, 2024 Most UK CEOs experienced some sort of crisis that has hindered businesses, as cyber security incidents and social issues are becoming a headache
Smaller firms eye chunk of Big Four’s audit work with uptick in clients September 30, 2024 Non-Big Four firms have experienced an uptick on audit work across FTSE 250 and all main market clients, as competition with the audit giants continues
UK growth revised down to 0.5 per cent in second quarter September 30, 2024 Liz McKeown, ONS director of economic statistics, said the updated figures included new survey data, VAT returns and updated information about the size of different industries.
HSBC considers naming first female CFO in bank’s 159-year history September 24, 2024 HSBC is reportedly considering naming its first female chief financial officer in its 159-year history, with Pam Kaur said to be a favourite for one of the top jobs at Europe's biggest bank.
UK economy: After a busy week, the foundations look solid September 20, 2024 With inflation low and further rate cuts to come the UK economy remains on relatively solid foundations.