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Find out all the latest Business Brexit news as it unfolds.

    Brexit uncertainty ‘crippling UK business investment’, warns CBI
    9 July 2019

    Brexit uncertainty ‘crippling UK business investment’, warns CBI

    The continuing uncertainty surrounding Brexit is ‘crippling UK business investment’, the Confederation of British Industry (CBI) has warned. The CBI expects business investment to fall at the ‘fastest pace since the financial crisis’ for the rest of this year. The…

    Economic growth ‘stalling’
    3 July 2019

    Economic growth ‘stalling’, BCC warns

    The British Chambers of Commerce (BCC) has warned that UK economic growth is ‘stalling’ amid a ‘manufacturing slowdown’. The BCC’s latest Quarterly Economic Survey revealed that the balance of manufacturing firms reporting improved domestic orders fell to a seven-year low.…

    SME ‘worth-£2.9-million'
    26 June 2019

    Typical UK SME ‘worth £2.9 million’, according to research

    Research carried out by finance provider MarketInvoice has suggested that the typical UK small and medium-sized enterprise (SME) is ‘worth more than £2.9 million’. The research also found that 66% of business owners believe company valuation to be a ‘huge…

    Business groups outline principles for UK trade policy
    12 June 2019

    Business groups outline principles for UK trade policy

    Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the Trades Union Congress (TUC) have set out ‘core principles’ for UK trade policy post-Brexit. The business groups’ letter to the government, which has…

    Flexible Extension
    11 April 2019

    Business groups react to ‘flexible extension’ of Article 50

    Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have reacted to the six-month ‘flexible’ extension of Article 50, granted to the UK by EU leaders. The new Brexit deadline of 31 October…

    IMF Downgrades Global Growth
    10 April 2019

    IMF downgrades global growth forecast

    The International Monetary Fund (IMF) has downgraded its global growth forecast for 2019 to its ‘lowest level’ since the financial crisis. In its latest World Economic Outlook document, the IMF downgraded its global growth forecast to 3.3% for 2019, and…

    Pensions Dashboard Initiative
    8 April 2019

    Government commits to implementation of pensions dashboard initiative

    The government has confirmed that it intends to implement its proposed pensions dashboard initiative, which will allow those saving for retirement to view information from multiple pensions in one place. According to the government, pensions dashboards will ‘open up pensions…

    UK economic health have ‘weakened’
    3 April 2019

    Survey suggests indicators of UK economic health have ‘weakened’

    A survey carried out by the British Chambers of Commerce (BCC) has suggested that the ‘key indicators’ of UK economic health ‘weakened considerably’ during the first quarter of 2019. The data revealed that the balance of services sector firms reporting…

    Government delays probate fees rise
    28 March 2019

    Government delays probate fees rise

    The government has delayed its planned increase in probate fees. The delay has been attributed to ‘pressure on Parliamentary time’ caused by Brexit debates and votes. The increase in fees had been set to take effect from 1 April 2019,…

    Brexit Advisory Documents
    20 March 2019

    Government publishes additional Brexit advisory documents

    The government has published additional documents containing advice on Brexit for UK small businesses. According to the government, the information will help business owners to ‘understand how leaving the EU may affect their business’. The advisory documents cover a range…

    The Business Reaction
    17 March 2019

    2019 Spring Statement – the business reaction

    Business groups have responded to Chancellor Philip Hammond’s Spring Statement speech. The Federation of Small Businesses (FSB) welcomed the Chancellor’s commitment to tackling the late payments issue. Mike Cherry, National Chairman of the FSB, said that the government must ‘tackle…

    Economic
    15 March 2019

    2019 Spring Statement – the economic picture

    In his Spring Statement speech, Chancellor Philip Hammond responded to the latest forecasts as published by the Office for Budget Responsibility (OBR). Acknowledging that economic growth in the UK and around the world has ‘slowed since the Budget’ in October…

    Uncertainty
    14 March 2019

    Chancellor delivers Spring Statement amid ‘cloud of uncertainty’

    Chancellor Philip Hammond’s second Spring Statement was delivered against a backdrop of political turmoil, following the voting down of Prime Minister Theresa May’s Brexit withdrawal deal, and with just two weeks to go before the UK is due to leave…

    Brexit
    28 February 2019

    Government publishes ‘no deal’ Brexit impact assessment

    In a new document, the government has assessed the impact of a ‘no deal’ Brexit scenario on UK businesses and trade. According to the government, its ‘primary aim’ is to ‘ensure that the UK leaves the EU with a negotiated…

    Confidence 'Slumped'
    6 February 2019

    ICAEW suggests confidence amongst businesses has ‘slumped’

    The Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that confidence amongst businesses has ‘slumped’ as a result of ongoing Brexit uncertainty. The ICAEW’s Business Confidence Monitor recently revealed that confidence deteriorated from -12.3 in the fourth…

    Date
    30 January 2019

    Chancellor announces Spring Statement date

    Chancellor Philip Hammond has announced that this year’s Spring Statement will be delivered on Wednesday 13 March. The 2019 Spring Statement will be the second of its kind: in the 2016 Autumn Statement, the Chancellor announced a major shake-up of…

    Global Economy
    28 January 2019

    IMF warns ‘no deal’ Brexit could ‘damage global economy’

    The International Monetary Fund (IMF) has warned the UK that a ‘no deal’ Brexit could ‘damage the global economy’. In a recently published report, the IMF downgraded its global growth forecast for 2019 to 3.5%, and its forecast for 2020…

    Confidence Falls
    21 January 2019

    Small business confidence ‘falls to lowest level since 2011’

    A survey carried out by the Federation of Small Businesses (FSB) has revealed that confidence amongst small firms has ‘fallen to its lowest level since 2011’. The FSB’s Small Business Index (SBI) revealed that confidence has fallen to -9.9 –…

    16 January 2019

    Business groups respond to outcome of vote on Brexit deal

    Business groups have responded to the outcome of the vote on Prime Minister Theresa May’s Brexit deal. The Confederation of British Industry (CBI) warned that ‘no deal’ is ‘hurtling closer’. Carolyn Fairbairn, Director General of the CBI, said: ‘A new…

    UK Growth
    18 December 2018

    ICAEW warns ‘no deal’ Brexit will ‘slam brakes on UK growth’

    The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that a decision to reject Prime Minister Theresa May’s Brexit deal will ‘undermine the chance of stronger economic growth’ in 2019. In its latest economic forecast, the ICAEW…

    Brexit Vote Delay
    11 December 2018

    Business groups react to Brexit deal vote delay

    Business groups have responded to the postponing of the vote on the draft Brexit deal. Prime Minister Theresa May intends to meet EU officials and European leaders in order to ‘discuss with them the clear concerns’ MPs have in regard…

    Fall of Confidence
    10 December 2018

    Confidence amongst small businesses ‘falls to seven-year low’

    Confidence amongst UK small businesses has ‘fallen to its lowest point since 2011’, the quarterly Small Business Index (SBI) published by the Federation of Small Businesses (FSB) has revealed. The SBI currently stands at -9.9 – which, according to the…

    Brexit deal Draft
    15 November 2018

    Business groups react to draft Brexit deal

    Business groups have reacted to the government’s draft Brexit deal with the EU. Following a five-hour debate on the matter, Prime Minister Theresa May secured her Cabinet’s backing for the deal. However, a handful of MPs have resigned following the…

    Brexit Business Council
    8 November 2018

    Prime Minister establishes five ‘Brexit business councils’

    Prime Minister Theresa May has created five new ‘Brexit business councils’, which will provide UK firms with advice and support in regard to creating the ‘best business conditions’ post-Brexit. According to the government, each council will meet three times per…

    Government to improve apprenticeship programme
    30 October 2018

    2018 Autumn Budget – the business reaction

    Business groups have responded to Chancellor Philip Hammond’s Autumn Budget speech. The Federation of Small Businesses (FSB) has welcomed the measures outlined in the Budget, extolling the £900 million in business rates support for small high street businesses, and praising…

    UK Economy

    2018 Autumn Budget – the economic picture

    Within his Autumn Budget speech, Chancellor Philip Hammond reported that ‘the era of austerity is finally coming to an end’, unveiling higher growth forecasts and lower-than-anticipated borrowing. In its report prepared for the Budget, the Office for Budget Responsibility (OBR)…

    Budget

    Hammond delivers pre-Brexit Budget

    Chancellor Philip Hammond has delivered his second Autumn Budget, exactly five months before Britain is due to leave the European Union. The Chancellor was in bullish mood, asserting that the era of austerity is ‘finally coming to an end’ after…

    2018 Autumn Budget – what to expect
    29 October 2018

    2018 Autumn Budget – what to expect

    Chancellor Philip Hammond will deliver his 2018 Autumn Budget speech today at 3:30pm. We will be keeping you up to date on the key Budget announcements. The 2018 Budget is the last before the UK leaves the EU, and many…

    Brexit blues
    23 October 2018

    Businesses ‘frustrated by lack of progress in Brexit talks’

    A survey carried out by the Confederation of British Industry (CBI) has suggested that ‘patience is now threadbare’ amongst UK businesses in regard to the government’s progress in its Brexit negotiations with the EU.    Businesses report that the lack of…

    19 October 2018

    Brexit uncertainty ‘affecting international trade’

    A survey carried out by the British Chambers of Commerce (BCC) and DHL Express UK has revealed that almost half of businesses have Brexit uncertainty in mind when deciding whether to trade internationally. A further 48% of the 2,530 businesses…

    15 October 2018

    Government publishes further ‘no deal’ Brexit documents

    The government has published the latest batch of ‘no deal’ Brexit documents. A range of issues are covered within the documents, from consumer rights to existing free trade agreements. The latest technical notices also outline the consequences of a no…

    10 October 2018

    CBI publishes wishlist for 2018 Autumn Budget

    The Confederation of British Industry (CBI) has published its wishlist ahead of the Autumn Budget, which is set to be delivered on Monday 29 October. Within its Budget submission, the CBI outlines ways to ‘unlock enterprise, increase the country’s competitiveness and…

    9 October 2018

    BCC suggests UK economic growth is ‘flatlining’

    A survey carried out by the British Chambers of Commerce (BCC) has suggested that the UK economy is ‘stuck in a rut’, with economic growth ‘flatlining’. The BCC also found that Brexit uncertainty has helped to ‘weaken’ confidence amongst firms.…

    5 October 2018

    Welsh government publishes Draft Budget for 2019-20

    The Welsh government recently published its Outline Draft Budget for 2019-20, with a full, in-depth breakdown to follow on 23 October 2018. Mark Drakeford, Finance Secretary for Wales, claimed that this has been the ‘most difficult Budget yet’ as a…

    27 September 2018

    Chancellor announces Autumn Budget date

    Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Monday 29 October. The 2018 Autumn Budget will be the final Budget before the UK leaves the EU in March 2019. The Chancellor will deliver this year’s…

    25 September 2018

    Additional ‘no deal’ Brexit documents published by government

    The government has published additional Brexit advisory documents, outlining how a ‘no deal’ scenario could affect air travel. The latest technical notices analyse how aviation security and safety could be impacted if the government fails to secure a Brexit deal…

    24 September 2018

    New report suggests two-thirds of SMEs ‘preparing growth plans’

    A new report published by Hitachi Capital has revealed that 67% of small and medium-sized enterprises (SMEs) are looking to prepare ‘growth plans’ in the coming three months. According to the report, 50% of businesses require ‘extra manpower’, with IT…

    Result of no-deal Brexit
    14 September 2018

    Government publishes the next set of ‘no deal’ Brexit documents

    The government has published a second batch of 28 technical notices, offering further guidance for businesses and individuals in the event of a ‘no deal’ Brexit. Following on from the 24 technical notices that were published in August, these new…

    Result of no-deal Brexit
    24 August 2018

    Government publishes ‘no deal’ Brexit advisory documents

    The government has published the first batch in a series of ‘no deal’ Brexit technical notices, which aim to help businesses and individuals prepare in case the government fails to reach a deal with the EU. The first 25 notices…

    16 August 2018

    SMEs ‘confident in regard to growth prospects’, survey finds

    A survey carried out by Wesleyan Bank has suggested that UK small and medium-sized enterprises (SMEs) are confident about their future growth prospects. The Bank polled 500 SMEs, and found that 54% are now more confident in regard to their…

    3 August 2018

    Business groups respond to interest rates rise

    Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the Bank of England’s decision to raise interest rates for the second time in a decade.…

    13 July 2018

    Business groups respond to publication of Brexit White Paper

    Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the government’s recent publication of its Brexit White Paper. The 104-page document is divided into four…

    Brexit blues
    5 July 2018

    UK businesses must prepare for ‘no deal’ Brexit, warns ICAEW

    The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that businesses in the UK must prepare for a ‘no deal’ Brexit. Research carried out by the Institute has revealed that a fifth of UK firms ‘haven’t considered…

    22 June 2018

    BCC states UK economy ‘set for worst growth since 2009’

    The British Chambers of Commerce (BCC) has warned that the UK economy is set for its ‘weakest year’ of Gross Domestic Product (GDP) growth since 2009. In its latest economic forecast, the BCC has downgraded its growth expectations for the…

    20 June 2018

    Business leaders call on Chancellor to review UK tax system

    In a letter to Chancellor Philip Hammond, leaders of some of the UK’s most prominent business associations have urged the government to undertake a review of the so-called ‘tax burden’ that faces the finance industry and UK entrepreneurs. The letter,…

    7 June 2018

    Business group urges government to increase VAT registration threshold

    The Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to increase the VAT registration threshold in order to ‘stimulate small business growth and encourage innovation’. Under current rules, businesses must notify HMRC if their taxable turnover…

    Brexit blues
    1 June 2018

    Self-employed individuals ‘unfazed by Brexit’, study suggests

    A study carried out by mortgage lender Kensington Mortgages has suggested that a significant number of the UK’s self-employed workers are ‘unfazed’ by Brexit. Kensington Mortgages surveyed more than 1,000 self-employed individuals, and found that 63% believe that Brexit will…

    24 April 2018

    Cost of Brexit ‘divorce bill’ still unclear, says NAO

    The National Audit Office (NAO) has stated that the final cost of the UK’s Brexit ‘divorce bill’ remains ‘uncertain’. There are many factors that need to be considered when analysing the cost of leaving the EU, the NAO stated, and…

    12 April 2018

    CBI warns of cost rises if UK strays from EU regulations

    In a new report, the Confederation of British Industry (CBI) has warned the government that costs could rise for businesses if the UK were to diverge from EU regulations. The report states that Brexit ‘presents opportunities for rule changes’ in…

    29 March 2018

    Confidence amongst small businesses is ‘rebounding’, says FSB

    Confidence amongst UK small firms is ‘rebounding’, according to a survey carried out by the Federation of Small Businesses (FSB). In the first quarter of 2018, the FSB’s Small Business Index (SBI), which monitors business confidence, stood at +6, up…

    28 March 2018

    Reviews into UK tax system launched by committee

    The Treasury Committee has launched three reviews into the UK’s tax system and how it operates. Tax avoidance and evasion, the VAT system, and the conduct of tax enquiries and the resolution of tax disputes will be analysed within the…

    14 March 2018

    2018 Spring Statement – the business reaction

    Business groups have responded to Chancellor Philip Hammond’s Spring Statement speech. The Federation of Small Businesses (FSB) gave a broadly positive response, and welcomed the Chancellor’s commitment to tackling the issue of late payments to small firms. Mike Cherry, FSB…

    Spring Statement heralds the ‘light at the end of the tunnel’

    Chancellor Philip Hammond has presented his first Spring Statement, with something of a spring in his step. Responding to the latest economic forecasts from the Office for Budget Responsibility, Mr Hammond revealed that the economy is expected to grow at the slightly…

    8 March 2018

    Brexit ‘should not overshadow growth’, BCC warns government

    The British Chambers of Commerce (BCC) has warned the government that Brexit should not overshadow its plans for boosting growth in the UK economy. The business group said that the biggest challenges facing the UK are not related to exiting…

    18 January 2018

    IoD publishes list of business predictions for 2018

    The Institute of Directors (IoD) has published a list of 14 business and economic predictions for 2018. In its publication, the IoD predicts that 2018 will be a year of ‘great change’ for UK companies. The business group’s predictions cover…

    8 January 2018

    FSB finds confidence amongst UK small businesses has fallen

    The Federation of Small Businesses (FSB) has revealed that confidence amongst UK small businesses has fallen significantly, with 31% of firms expecting their business performance to worsen over the coming three months. The FSB’s Small Business Index (SBI) found that…

    11 December 2017

    BCC downgrades its economic forecast for next three years

    The British Chambers of Commerce (BCC) has downgraded its economic forecast for the next three years, citing ‘sluggish’ business investment and household consumption. In a new report, the business group downgraded its growth expectation for 2017 from 1.6% to 1.5%,…

    23 November 2017

    2017 Autumn Budget – the business reaction

    Business groups have responded to the key announcements made in Chancellor Philip Hammond’s Autumn Budget speech. The Federation of Small Businesses (FSB) welcomed the reforms to the business rates system. Mike Cherry, its National Chairman, commented: ‘FSB presented a series…

    2017 Autumn Budget – the political reaction

    Chancellor Philip Hammond delivered the 2017 Autumn Budget to the House of Commons, pledging to ‘seize the opportunities that lie within our grasp’ and ‘build on Britain’s global success story’. Leaders of the Labour Party and the Liberal Democrats commented…

    3 October 2017

    IoD outlines Autumn Budget proposals

    In its Budget submission, the Institute of Directors (IoD) has outlined a range of proposals on the subjects of fiscal policy, business investment and infrastructure. The IoD has urged the government to ensure that Brexit is not used as ‘an…

    25 September 2017

    Gender pay gap for female managers has ‘widened’, research reveals

    Research carried out by the Chartered Management Institute (CMI) has revealed that the gender pay gap for female managers in the UK has ‘widened’. The data, which was collected by surveying more than 118,000 employees across 423 UK organisations, suggested…

    autumn budget
    13 September 2017

    Chancellor announces Autumn Budget date

    Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Wednesday 22 November. The Autumn Budget will be the second Budget to be delivered this year, and will set out the government’s plans for the UK economy,…

    5 September 2017

    Economists rule out interest rate rise

    A survey carried out by the BBC has revealed that economists in the UK do not expect an interest rate rise until ‘at least 2019’. Economists believe that the Bank of England’s Monetary Policy Committee (MPC) will not want to…

    16 August 2017

    Business groups respond to publication of Brexit customs paper

    Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded to the publication of Brexit customs position papers by the Department for Exiting the EU. The government…

    4 August 2017

    New trade body to be created by government

    The government has revealed its intention to create a new trade authority, termed the UK Trade Remedies Organisation, ahead of Britain’s departure from the EU in 2019. The UK Trade Remedies Organisation will help to combat incidents of unfair trade…

    Tax Investigations
    1 August 2017

    UK ‘won’t cut taxes post-Brexit’, Chancellor states

    Chancellor Philip Hammond has suggested that the UK won’t cut taxes and fiscal regulations after Brexit. The Chancellor stated that the UK will remain within the ‘EU average’ in terms of tax rates, and will not seek to reduce taxes…

    28 July 2017

    Are you GDPR ready?

    With or without Brexit, the EU’s General Data Protection Regulation (GDPR) will come into force 25 May 2018. The GDPR replaces the Data Protection Act, to ensure that data protection laws are up to date with the “internet age” and…

    11 July 2017

    Cybercrime a bigger concern for SMEs than Brexit, research suggests

    Research published by Barclaycard has suggested that small and medium-sized enterprises (SMEs) are more concerned about the risks that cybercrime poses to their business than those put forward by Brexit. 44% of businesses surveyed by Barclaycard consider cybercrime to be…

    29 June 2017

    Government establishes new Brexit business group

    The government has created a new business advisory group, comprised of five major UK business groups. The Confederation of British Industry (CBI), the Federation of Small Businesses (FSB), the British Chambers of Commerce (BCC), the Institute of Directors (IoD) and…

    22 June 2017

    Queen’s Speech outlines government’s legislative agenda

    The Queen has delivered her annual speech at the state opening of Parliament, in which she outlined the government’s legislative agenda. This year’s speech differed to speeches given in previous years: it outlined the government’s legislative plans for the next…

    21 June 2017

    Brexit deal must put jobs and prosperity first, says Chancellor

    In his annual Mansion House speech, Chancellor Philip Hammond stated that any Brexit deal between the UK and the EU must put UK jobs and prosperity first. Mr Hammond revealed that the government will seek a ‘bold and ambitious’ free…

    19 June 2017

    Business groups call for ‘softer’ Brexit

    Five business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC), have called for the government to secure continued access to the European single market until a final…

    9 June 2017

    Business groups react to General Election result

    With the 2017 General Election resulting in a Hung Parliament, the UK’s leading business groups have been giving their reactions. The Institute of Directors (IoD) has warned that businesses have now been ‘thrown into political limbo’. The Confederation of British…

    8 June 2017

    Business calls for support as UK voters head for the polls

    Following weeks of heated political debate, the UK is heading for the polls to vote in Theresa May’s snap General Election. In the run-up to the election, business groups urged politicians not to allow Brexit to overshadow other important domestic…

    26 May 2017

    White Noise

    Are you allowing Brexit or other ‘white noise’ to distract you from growing and developing your thriving business?  Why?  What can you do about it? Here at Haines Watts Swindon we believe there are five common CONDITIONS affecting business owners…

    9 May 2017

    Significant rise in business confidence, ICAEW reveals

    Business optimism has moved into positive territory in the second quarter of this year, according to business confidence monitor data published by the Institute of Chartered Accountants in England and Wales (ICAEW). Confidence amongst UK firms has increased from -8.7…

    8 May 2017

    Avoid hitting self-employed with extra costs, warns FSB

    The Federation of Small Businesses (FSB) is calling on all political parties to avoid targeting the UK’s 4.8 million self-employed with post-election tax rises. With the General Election approaching, the business group has published its manifesto, ‘Small Business, Big Ambition’,…

    5 May 2017

    TUC report suggests workers’ rights ‘at risk’ after Brexit

    A new report published by the Trades Union Congress (TUC) has warned that employees in the UK and the EU are ‘at risk from the erosion of workplace rights after Brexit’. The report reviewed the relationship between labour standards and…

    19 April 2017

    Business groups react to snap General Election announcement

    UK business groups have expressed mixed reactions to Theresa May’s plans to hold a snap General Election on 8 June. Some business leaders have welcomed the announcement, believing that a Conservative win could see the Prime Minister increase her majority…

    Result of no-deal Brexit
    30 March 2017

    Business groups react to triggering of Article 50

    Business groups have expressed their opinions on the forthcoming Brexit negotiations and trade talks in the wake of Prime Minister Theresa May’s signing of the letter that triggers Article 50. A press release from the Confederation of British Industry (CBI)…

    27 March 2017

    Opportunity for the small and medium-sized business?

    By Rodney Style, Managing Partner One of Donald Trump’s pre-and-post election themes has been bringing jobs back to America. To use the jargon of the economists, it’s a “protectionist” policy whereby goods that are to be consumed in the US…

    22 March 2017

    Inflation rises above Bank of England’s target rate

    Inflation as measured by the Consumer Price Index (CPI) rose to 2.3% in February – up from 1.8% in January, according to the latest figures from the Office for National Statistics (ONS). This is the highest rate since September 2013…

    21 March 2017

    Prime Minister to trigger Article 50 on 29 March

    Prime Minister Theresa May is set to trigger Article 50 – the legal process that will mark the beginning of two years of EU exit talks – on Wednesday 29 March, it has been announced. Downing Street stated that the…

    8 March 2017

    2017 Spring Budget – what to expect

    Chancellor Philip Hammond will deliver his first Budget speech today at 12:30pm. We will be keeping you up-to-date on the key Budget announcements, and will be supplying a full summary which will appear on the site tomorrow morning. With new…

    14 February 2017

    CBI publishes Brexit guide for businesses

    The Confederation of British Industry (CBI) has published a Brexit guide for businesses, which provides advice and support in regards to trade between the UK and the rest of the world. The guide, entitled ‘The Future of Trade for the…

    6 February 2017

    Business groups respond to publication of Brexit White Paper

    Business groups have responded to the government’s recent publication of its Brexit White Paper, which outlines its ambition to create a ‘new, positive and constructive’ partnership between the UK and the EU. The White Paper sets out the government’s 12…

    3 February 2017

    Bank of England raises UK growth forecast

    The Bank of England has once again significantly increased its growth forecast for the year. It now expects the UK economy to grow by 2% in 2017 – a major rise from its November forecast of 1.4%. That forecast was…

    2 February 2017

    Business group criticises new tax digitisation timetable

    The Federation of Small Businesses (FSB) has criticised the revisions made by HM Revenue & Customs (HMRC) to the timetable for the successful implementation of Making Tax Digital (MTD). The business group called for the introduction of MTD to begin…

    18 January 2017

    Business groups react to Prime Minister’s Brexit speech

    Business groups have given their reactions to Prime Minister Theresa May’s recent speech in which she set out the government’s approach to negotiating the UK’s exit from the EU. The Prime Minister ruled out remaining inside the Single Market but…

    Result of no-deal Brexit
    24 November 2016

    2016 Autumn Statement: the economic picture

    In his inaugural Autumn Statement speech, Chancellor Philip Hammond outlined a range of measures to support the economy as the UK prepares to face the challenges presented by the Brexit vote. Mr Hammond stated that the result of the EU…

    2016 Autumn Statement: the political reaction

    Responding to the Statement that was heralded as a ‘mini-Budget’, leaders of the Labour Party, the Liberal Democrats and the Green Party have commented on a handful of significant changes made by Chancellor Philip Hammond. Shadow Chancellor John McDonnell was…

    23 November 2016

    Chancellor to present Autumn Statement today

    Chancellor Philip Hammond is set to present his first Autumn Statement later today, which will outline his priorities for spending, taxation and the UK economy in the wake of considerable political and economic uncertainty generated by the Brexit vote. The…

    17 November 2016

    CBI calls for investment as unemployment figures hit record low

    UK unemployment fell by 37,000 to 1.6 million in the three months to September, its lowest level for 11 years, according to data published by the Office for National Statistics (ONS). The latest figures prompted the Confederation of British Industry…

    Ask the Experts

    Q: I have run quite a successful business over the years and have never really felt the need for a business plan or longer term forecasts.  But with so much uncertainty – Brexit and the US Presidential Elections – perhaps…

    31 October 2016

    UK economy grows by 0.5% following Brexit vote

    The UK economy grew by 0.5% in the three months following the Brexit vote, figures from the Office for National Statistics (ONS) have revealed. This, however, was slower than the rate of growth of 0.7% in the second quarter of…

    17 October 2016

    Business group urges Chancellor to ‘boost business investment’

    In its Autumn Statement submission, the British Chambers of Commerce (BCC) has urged the Chancellor, Philip Hammond, to ‘incentivise business investment’, improve infrastructure and demonstrate continued support for business. The business group also called on the Chancellor to use the…

    11 October 2016

    Business groups urge Government to avoid ‘hard’ Brexit

    Business groups, including the Confederation of British Industry (CBI) and the International Chamber of Commerce (ICC), have penned an open letter to the Government, urging it to avoid a so-called ‘hard’ Brexit by preserving barrier-free access to the EU’s Single…

    7 October 2016

    Services sector continues to recover, according to latest PMI figures

    The services sector, which accounts for nearly three-quarters of the UK economy, shows continued signs of recovery, according to the latest Markit/CIPS Purchasing Managers’ Index (PMI) survey. The index stood at 52.6 in September, down from August’s 52.9, but still…

    13 September 2016

    UK company owners gamble wealth on business.

    UK business owners are drawing modest salaries and eschewing lavish lifestyles in favour of investing heavily in their business, according to a new study by UK chartered accountants Haines Watts. Business owners are “crossing their fingers and hoping” that their…

    8 September 2016

    Bank of England Governor ‘serene’ about Brexit economic strategy

    Bank of England (BoE) Governor Mark Carney has said that he is ‘absolutely serene’ about the Bank’s preparations for the impact of the Brexit referendum result, during questioning by the Treasury Select Committee. Mr Carney told MPs that the ‘timely,…

    7 September 2016

    CBI figures show steady growth across UK private sector

    Output growth across the manufacturing, distribution and service sectors rose steadily over the summer despite fears about the Brexit vote, according to figures from the Confederation of British Industry (CBI). Private sector activity rose +8% in the three months to…

    25 August 2016

    Ask the Experts

    Question: I have reached the age of sixty and had always intended selling my business in the next few years. I have no obvious successor or buyer. Is now a good time to sell and how should I go about…

    18 August 2016

    Rising fuel prices contribute to increase in UK inflation rate

    The UK’s inflation rate as measured by the Consumer Prices Index (CPI) rose to 0.6% in July from 0.5% in June, data from the Office for National Statistics (ONS) has revealed. The ONS stated that although the rise is ‘still…

    10 August 2016

    Rise in retail sales despite Brexit fears

    Fears of an immediate post-Brexit vote slump in the UK retail sector proved unfounded, as new figures reveal that retail sales increased in July. A survey by the British Retail Consortium (BRC) and a leading accountancy firm found that total…

    28 July 2016

    ONS figures show surprise acceleration in UK economic growth

    Figures from the Office for National Statistics (ONS) show that the UK economy grew by 0.6% in the second quarter of 2016 – significantly more than expected in the run-up to the EU referendum. Many analysts expected growth to be…

    25 July 2016

    UK economy ‘deteriorating’ following Brexit vote, data reveals

    The decision to leave the European Union has caused a ‘dramatic deterioration’ in the UK’s economy, research from financial data firm IHS Markit has suggested. New data from the firm’s Purchasing Managers’ Index (PMI) indicates a fall to 47.7 in…

    15 July 2016

    Business groups react to new PM’s plans for reform

    Following Theresa May’s appointment as Prime Minister, business groups have been giving their reactions to her appointment and plans to reform Britain’s boardrooms. The Institute of Directors (IoD) has given ‘tentative support’ to Mrs May’s pledge to scrutinise and make…

    international transaction fees
    13 July 2016

    Sterling rises as Theresa May prepares to become Prime Minister

    The pound rose significantly as markets reacted to the removal of uncertainty regarding who would become the next Prime Minister, with Theresa May poised to take on the role. After the exit of Andrea Leadsom from the Conservative Party leadership…

    5 July 2016

    Small business confidence ‘reaches four-year low’

    Confidence has fallen among the UK’s small businesses, a recent survey from the Federation of Small Businesses (FSB) has revealed. The report suggests that small business confidence has reached its lowest level in four years, sparking fears over a possible…

    27 June 2016

    Chancellor: no emergency Budget following Brexit vote

    Chancellor George Osborne has suggested that an immediate emergency Budget will not take place following the UK’s vote to leave the European Union (EU). In his first speech after the referendum result, the Chancellor said the economy was ‘going to…

    24 June 2016

    Business groups react to Brexit decision

    Business groups have responded to the UK’s decision to leave the European Union (EU). The decision will affect many businesses and individuals, as the UK potentially enters a period of economic uncertainty. Reacting to the result, many business groups have…

    14 June 2016

    Ask the Experts

    Q. Importing materials from Europe and the Far East we get invoiced in Euros or US$. The Brexit vote could make my imports much more expensive and reduce my competitiveness. Can I minimise this risk? A. I imagine you sell…

    6 June 2016

    Annuities prove popular despite pension freedoms

    Annuities are still proving to be a popular choice for retirees despite the introduction of new pension rules over a year ago, according to new research. Financial technology firm eValue analysed data from its Pensions Freedom Planner tool and found…

    25 May 2016

    Property sales plummet after stamp duty changes, says HMRC

    The number of UK properties sold fell by 45% between March and April as stamp duty changes came into effect, according to official figures from HM Revenue & Customs (HMRC). Since 1 April 2016, those buying an additional property, such…

    20 April 2016

    Chancellor defends Treasury’s gloomy Brexit forecasts

    Chancellor George Osborne has defended an analysis of how the British economy would fare in the event of a referendum decision to leave the EU, after Leave campaigners branded it as ‘spurious’. The analysis, carried out by HM Treasury, claimed…

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Brexit is upon us – Don’t Panic!

Advice for business owners from Haines Watts Swindon on what to start doing to get your plans and business in shape post Brexit.
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If you want to chat through the implications that Brexit may have on your business, contact your local Haines Watts office.

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