UK trade deals to lift growth, KPMG says June 4, 2025 UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said. Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to [...]
Big Four giants eye AI assurance tools to tap in on client concerns June 3, 2025 The majority of the Big Four giants are developing a new audit system for AI tools as they hope to tap into a new revenue stream
US Women’s Open prize money: How much will winning golfer get? June 1, 2025 The 2025 US Women’s Open has the biggest prize purse in women’s golf, but how much will the winner walk away with? A total of $12m will be dished out at Erin Hills come Sunday evening as the 156 golfers look to secure a major title in 2025. Organisers are set to hand out $10,000 [...]
Forget tariffs – this US tax law could be just as damaging for UK exports May 28, 2025 The US is advancing new tax measures targeting countries with “unfair” tax regimes, threatening UK service exports and global tax cooperation under OECD’s Pillar 2, says Tim Sarson Just a couple of weeks ago, tariffs were dominating the news agenda. Now they seem to have disappeared from the front pages as rapidly as the financial [...]
London vs New York: Who will win the fintech IPO war? May 24, 2025 A battle with New York awaits as Rachel Reeves sets her eyes on London fintech IPOs. The Chancellor has courted top fintech darlings in her attempt to boost listings on the London Stock Exchange (LSE) as a fleet of firms are flirting with floating in the near future. Monzo is reportedly consulting with investment bankers on [...]
UK government borrowing blows past estimates on Labour’s spending plans May 22, 2025 Government borrowing spiked in April, official data has shown, reflecting Rachel Reeves’s difficulties in controlling public finances. The rise to £20.2bn in monthly borrowing was more than economists’ prediction of £18bn. Capital Economics suggested that the rise in borrowing costs since March via debt interest payments has slashed Reeves’ headroom down to £5.7bn. Tax receipts [...]
Reeves must provide ‘more stable’ tax policy, finance bosses say May 20, 2025 Rachel Reeves is facing pressure to provide a “clearer, more stable tax environment,” when she delivers her growth strategy in July. The Chancellor is once again in the spotlight after a damning report from finance bosses indicated the industry was prepped to support growth ambitions, but structural barriers were holding them back. Top players in [...]
Week in Business: Small glass of champagne for Reeves? May 15, 2025 There was some welcome economic growth in Q1 but it's in the rear view mirror; is there any on the horizon?
Retail sales shoot up in sunniest spring on record May 13, 2025 Retail sales rose at their fastest rate for more than a year after warm weather drove Brits to bring forward summer purchases. Total retail sales in the UK increased by seven per cent year on year in April after declining of four per cent in the same month last year, according to new figures from [...]
UK financial services can still drive growth in a volatile world May 9, 2025 Geopolitical turmoil is threatening the resilience of UK financial services, but we don't need to sacrifice growth to protect them, writes KPMG's Karim Haji.