UK inflation stays at 8.7%

Jul 04, 2023

The UK's rate of inflation plateaued at 8.7% in May, data published by the Office for National Statistics (ONS) has shown.

Inflation was expected to fall in May but remained at 8.7% - the same…

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Expansion for Armstrongs

Jul 03, 2023

We have some exciting news to share! Weavers Accountants, a long-standing Coventry practice, has come together with Armstrongs. 

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Industrial strategy required to 'focus on innovation', says IoD

Jun 30, 2023

The Institute of Directors (IoD) has urged the government to create an industrial strategy to help 'define specific long-term priorities for the UK economy'.

A survey carried out by…

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Post-Brexit trade plan must be replaced, says think tank

Jun 27, 2023

The Resolution Foundation think tank has called for the government to replace the initial post-Brexit trade plan with a 'far more ambitious' strategy to help protect Britain's manufacturing…

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Bank of England raises UK base interest rate

Jun 27, 2023

The Bank of England has raised UK interest rates to a 15-year high of 5% as it continues its battle against inflation.

Despite concerns that mortgage-holders face a timebomb of higher rates,…

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Armstrongs is a Xero Platinum Partner

Jun 21, 2023

We are pleased to share that Armstrongs is a Xero Platinum Partner.

There are many reasons to use Xero for your accounting software:

- Manage your cashflow - Xero's dashboard puts…

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HMRC closes self assessment helpline for three months

Jun 13, 2023

HMRC is planning to close its self assessment tax helpline for three months over the summer to focus call centre resources on dealing with other problem calls.

All calls to the helpline will…

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One in five workers will be higher rate taxpayers by 2027, says IFS

Jun 09, 2023

The number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).

This represents one in five…

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'Fresh thinking' needed in regard to MTD for ITSA

Jun 08, 2023

The Institute of Chartered Accountants in England and Wales (ICAEW) has written to HMRC regarding how Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) can be better shaped to suit the…

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