Posted By Anisa Choudhary
Up to £40,000 is to be invested by the Department for Environment, Food and Rural Affairs into projects that make use of digital technology to track the way that waste moves through the UK economy.
The investment represents one aspect of the UK government’s GovTech Catalyst project, which aims to give businesses incentives to create intelligent solutions to challenges in the public sector.Read more >>
There are many routes into accountancy, are you confused whether to go into audit, statutory reporting or management accounting amongst others? Which one is the right one for you?
LSBF ‘Being Global - Future-proof your career in accountancy’ conference on 11th June has been designed to give clarity and advice on which is the right career path for you.Read more >>
The Association of Accounting Technicians (AAT) is the first accounting body to lend its support to a multi-business, cross-party campaign aimed at introducing retention deposit schemes targeted at SMEs. The new scheme would put an end to the practice of withholding payments for unreasonable amounts of time and remove the risk of losing retention costs via contractor bankruptcy.
Conservative MP Peter Aldous kick-started the campaign with the introduction of a Private Members’ Bill in order to protect retention deposits in conjunction with construction contracts.Read more >>
The OECD has upgraded the growth forecast for the UK in spite of previous worries over the Brexit issue while still noting a failure to improve in terms of productivity. The influential worldwide organisation said that the UK economy is set to grow quicker across the rest of this year and in 2019 than was previously believed, despite continued uncertainties over the country’s withdrawal from the EU.
The most recent Economic Outlook report, which is published twice a year, points out that the economic growth of the UK remains relatively modest in comparison to other major economies, projecting the GDP to rise by 1.4% this year, a revised upward projection from the 1.2% that was predicted in the previous forecast.Read more >>
Nearly two-thirds (65%) of SME owners believe that a bright future is on the way with forecasts of growth of up to as much as 40% over the course of the next two years, according to the annual survey of SMEs in the UK carried out by Wesleyan Bank, the specialist commercial finance provider.
The SME Heroes or Zeros 2018 report shows that 54% have greater confidence regarding the prospects of their companies in 2019, with the possible impact of Brexit a source of concern for just 11% of respondents. Even in spite of the uncertain economy of the UK, the findings demonstrate that there has been a significant shift from business owners in terms of defiance.Read more >>
This week, UK economists are looking for hopeful indications of a rise in consumer confidence following last week’s confirmation that the nation’s economy put in a poor performance during the first quarter of 2018. According to consensus, business expectations indicate that the consumer confidence data set to be published on Thursday by GfK will show a marginal pickup from the negative nine to eight reading, Trading Economics has reported.
Consumer confidence is a crucial bellwether for the future of economic growth in the Gross Domestic Product, especially given how heavily dependent the UK economy is on services.Read more >>
Coworking is increasingly big business in the UK. Those who decide to cowork when building a start-up enterprise, those who are running a team remotely, and big corporations offering greater autonomy and flexibility are contributing to the coworking market’s massive growth, which is showing no indication of declining.
According to a forecast from the Global Coworking Unconference Conference, there will be as many as 5.1 million paid coworking members and 30,432 spaces all over the world, with an annual growth rate at an average of 24.2% in the market since 2007.Read more >>
Online MBA programs offer students the ability to study anywhere and at any time they choose, even while holding down a job, so long as they have access to the internet. According to the Graduate Management Admissions Council, flexibility, and having access to high-quality programs without the need for travel, are two of the biggest reasons why students are choosing to take an MBA program online rather than on a traditional campus.
There are a wide array of MPA programs beginning to pop up online, and while most require at least some campus time for students, a growing number are delivering their courses completely online.Read more >>
Research from accounting software provider Intuit QuickBooks has shown that 75% of accountants are aware of Making Tax Digital (MTD), a legislation that will see businesses being required to keep digital records and provide quarterly updates instead of filing annual tax returns.
The study explored accountants’ views on MTD and found that more than 35% believe that the introduction of the legislation will provide an opportunity to drive positive change within the accounting industry.Read more >>
A report from the Recruitment & Employment Confederation (REC) has found that more employers are feeling positive about the UK economy, with confidence reaching its highest level since August 2017.
The study found that 30% of employers in the UK are feeling confident about the future prospects of the economy, compared to 29% who believe that economic conditions are getting worse.Read more >>
The Emerging Payments Association (EPA) is calling for the Open Banking Implementation Entity (OBIE) to make amendments to the Open Banking initiative’s framework to help financial technology firms to realise its potential.
The UK payments industry trade body believes that banks should be forced to help fintechs have access to Open Banking and that more should be done to boost consumer trust in the initiative.Read more >>
A study from financial comparison website Know Your Money has revealed that London is the UK’s most entrepreneurial region, with 66.2% of London-based respondents considering starting their own business.
The study found that 47.6% of UK adults want to set up their own business, with this figure increasing to 64.8% for those between the ages of 16 to 24.Read more >>
The latest figures from the Association of Professional Staffing Companies (APSCo) have shown that the number of permanent vacancies in the financial services sector increased by 10% in the 12 months leading up to April 2018.
The research, which focuses on professional recruitment, also showed an increase in permanent placements in financial services, with an annual rise of 19%.Read more >>
Student accommodation aggregator website Nestpick has named London as one of the best cities for entrepreneurial millennials, with the city earning a place in the top ten.
More than 100 cities were included in the research, which was conducted as part of Nestpick’s larger Millennial City Ranking.Read more >>
UK financial services news website Financial Reporter has launched its first Women's Recognition Awards to recognise successful women in the financial services industry.
Applications for the awards are now open, with the Financial Reporter inviting people to nominate themselves or someone who they believe deserves to receive an award.Read more >>
Are you looking for a new career, or just starting out and haven’t decided which direction to take?
If you consider yourself to be an organised person, enjoy working with other people and regularly enter a state of tranquility when you tick tasks off a to-do list, you may have a future in project management.Read more >>
Brand valuation consultancy Brand Finance has revealed the most valuable brands in the UK, with several banks making the list.
The report revealed the value of each brand, showing that despite worries over the vote for the UK to exit the EU, businesses in the UK are responding well to the challenges of Brexit.Read more >>
Everywoman, an organisation that celebrates the advancement of women in business, has launched its annual competition to find the UK’s leading female business owners.
The NatWest everywoman Awards celebrate the achievements of female business leaders, seeking out those who are making an economic impact and helping to inspire others.Read more >>
A study from short-term loans company Satsuma has shown that millennials place the most trust in banks when it comes to the protection of their personal information.
The survey looked at the online habits of 1,000 millennials and found that the majority of adults aged between 18 and 34 trust their banks to keep their personal information safe and private.
Read more >>
Research from fintech firm Crealogix Group has shown that consumers need to be provided with more information on the benefits of Open Banking.
The study surveyed 2,000 UK consumers and identified some of the barriers that Open Banking will need to address in order for the initiative to be adopted on a wide scale.Read more >>
The latest Lloyds Bank Business Barometer has shown that businesses in London are the most optimistic in the UK, with positivity standing at 42% compared to the UK average of 33%.
Businesses in the city are also feeling positive about exporting, with more than half of respondents planning to export or enter a new market over the next six months.
Read more >>
Research from Lloyds Banking Group has shown that financial services leaders are feeling positive about the sector’s future, with the majority believing that the UK will continue to be Europe’s leading financial hub after Brexit.
The study also revealed that, despite optimism in the sector, Brexit is still seen as the biggest risk, with 55% saying that they are worried about the effect that it will have on growth.Read more >>
Investment and retail finance news magazine Professional Advisor has launched the Women in Finance Awards for 2018.
The awards, which are backed by the Chartered Insurance Institute and Personal Finance Society, celebrate the achievements of women working in the financial advice sector, as well as those working in the UK’s broader financial services sector.
Read more >>
The Bank of England (BoE) has announced plans to introduce new cyber standards to help boost protection from cybersecurity attacks amongst financial services firms.
The new standards will be published by UK financial services regulatory body the Prudential Regulation Authority (PRA), which is led by BoE Deputy Governor Sam Woods.Read more >>
Research from peer-to-peer business lender Growth Street has shown that small and medium-sized enterprises in London are leading the way when it comes to awareness of the alternative financing options that are available to them.
The study surveyed 1,000 SMEs across the UK, exploring their views on business finance and exporting, and revealed that more than half of London-based respondents believe that there is enough guidance available to businesses that wish to export, compared to 36% of businesses across the rest of the UK.Read more >>