Jul 29, 2024 | Current Affairs
Britain has fallen to 12th in the global manufacturing rankings, the lowest since the Industrial Revolution. Producing $259 billion (£200bn) annually, this drop places the UK behind countries like Russia, Taiwan and Mexico, according to Make UK’s analysis of 2022...
Jul 26, 2024 | Current Affairs
No new 1p and 2p coins will be ordered by the Treasury from The Royal Mint this year, pointing to a decline in cash use. A review revealed that there are already enough of these coins in circulation. UK Finance reports that 39% of adults are largely cashless, though...
Jul 25, 2024 | Current Affairs
The Financial Reporting Council (FRC) has reported a decrease in outstanding misconduct cases against audit firms, dropping from 52 in autumn 2021 to 35 in March 2024. However, only 53% of enforcement cases were concluded within the two-year target. The FRC spent £4.7...
Jul 24, 2024 | Current Affairs
Despite the UK's shift towards a cashless society, there has been an unexpected 66% increase in the number of people using notes and coins for daily spending. The UK Finance Report revealed that while contactless and mobile payments rose, cash payments initially saw a...
Jul 19, 2024 | Current Affairs
In the King's Speech, small businesses and the self-employed were overlooked despite Labour's focus on economic growth. Changes to planning laws and regional devolution, giving more power to local mayors, may indirectly benefit these businesses. However, there are...
