banner9
Post a Comment Print Share on Facebook
Featured UK Rishi Sunak Cllr Nesil Caliskan Yüce Dağ Başında Boris Johnson
banner6

reads.

UK ACCOUNTANTS DEMAND HMRC SERVICE IMPROVEMENTS

Over 90% of respondents expressed the urgent need for HMRC to improve its service across several key areas.The survey, which involved 207 ACCA members, uncovered significant concerns within the accounting profession. More than half of respondents (52%) reported that HMRC’s service levels were negatively affecting productivity and efficiency, impacting both accountants and their clients.

The areas identified for drastic improvement included:

• Reduced call waiting times: Accountants called for shorter waiting times when seeking assistance from HMRC.
• Enhanced call handling systems: They urged HMRC to provide better call handling systems, including queue information and call-back options.
• Improved communications: Respondents emphasised the need for more efficient communication methods, with a preference for greater use of email.

Talk to ADPL about your accounting: 020 8886 9222    -    WWW.ACCOUNTINGDIRECTPLUS.COM  -  [email protected]

BANK OF ENGLAND HOLDS INTEREST RATES STEADY


The Bank of England (BoE) announced it would maintain its interest rate at 5.25% for the second consecutive time, following a series of 14 rate hikes. The Monetary Policy Committee (MPC) voted by a majority of 6–3 to maintain the bank rate on 2 November, with three members preferring to increase the Bank Rate by 0.25 percentage points to 5.5%. The BoE’s decision to keep interest rates unchanged is driven by inflationary pressures affecting UK businesses. It also aligns with recent moves by other central banks worldwide, including the US Federal Reserve and the European Central Bank, which have also opted to maintain their interest rates. While the BoE has relied on interest rates as its primary tool to combat inflation, the central bank still faces challenges in reaching its 2% target by the end of 2025.

SMALL BUSINESS CONFIDENCE IMPROVES IN Q3 2023


Small business confidence in the UK improved slightly in Q3 2023, although challenges persist, according to the latest Small Business Index from the Federation of Small Businesses (FSB).The headline confidence reading in Q3 stood at -8.0 points, an improvement from the -14.2 points recorded in the previous quarter but still below the -2.8 points measured in Q1.

WANT TO TALK TO AN EXPERT?


If you’ve found the topics covered in this report to be of interest or would like to delve deeper into any of them, we welcome the opportunity to engage in a more detailed discussion with you. Our team of experts is always keen to share insights, and we’re confident that a conversation with us can provide valuable perspective.

Talk to ADPL about your accounting: 020 8886 9222    -    WWW.ACCOUNTINGDIRECTPLUS.COM  -  [email protected]

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.