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Blogs

  • ICAEW Chart of the week

    Following last week's chart on the changing profile of public spending, our chart this week shows how taxes have changed over the past sixty years. Despite income tax rates being lower, the overall share from taxes on income has actually increased. ...
    • 27 Mar 2018
  • Two minute read: Bank of England Stress Tests 2018

    Earlier this month the Bank of England released its scenario for the 2018 round of stress tests UK banks will undergo.  Importantly, the scenario remains the same as 2017. This is a one-off to allow banks capacity to deal with the complexi...
    • 26 Mar 2018
  • What does the Spring Statement mean for SMEs?

    When delivering his recent Spring Statement the Chancellor described the government as ‘the champions of small businesses and the entrepreneur.’ It is true to say that while not without its critics, the content of his speech has been larg...
    • 23 Mar 2018
  • Are your teams aware of the risks of social media and your company's social media policy?

    As Facebook faces more questions about the data breaches involving Cambridge Analytica, it's time to check whether your teams understand your company's social media policy and how to use social media. The consequences of using social media ar...
    • 23 Mar 2018
  • ICAEW Chart of the week

    With the Spring Statement already drifting into memory, our chart this week, shows how the profile of public spending has changed over the last 60 years.  It shows how back in 1958-59, the government spent less than a quarter of ...
    • 22 Mar 2018
  • Transforming culture: regulation, incentives and leadership

    The Financial Services Faculty’s John Mongelard attended the FCA’s  transforming culture conference on 19 March 2018. The FCA recently asked the industry’s leading thinkers to explore the key themes around culture. Each wise he...
    • 21 Mar 2018
  • ICAEW Chart of the week

    Our chart this week illustrates why some prudence in forecasting makes sense, given how the official forecasts for 2018-19 have changed significantly over a fairly short period of time. The current forecast of £37bn may be £3bn better tha...
    • 13 Mar 2018
  • Crazy money - football and financial services

    In the March edition of FS Focus (£), the ICAEW Financial Services Faculty's magazine, we interviewed former Chelsea FC CEO and current Duff & Phelps MD Trevor Birch. We couldn't fit all of his fascinating insights into our magazine a...
    • 13 Mar 2018
  • ICAEW working in partnership with the Community Foundation: The ICAEW Social Mobility Fund

    As part of our work with the Community Foundation, the ICAEW Social Mobility Fund has recently been launched. The £100,000 fund objective is to support projects which improve social mobility in the black communities: Providing support and inspi...
    • 12 Mar 2018
  • ICAEW Chart of the week

    The Chancellor’s Spring Statement next week has been trailed as not being a fiscal event. Consequently we don't expect to see any changes to the tax system next week, although we there may be some changes to government spending plans ...
    • 7 Mar 2018
  • Dear CEO, your reporting is not good enough

    In February the FCA wrote to the CEOs of IFPRU and BIPRU investment firms instructing them to review their regulatory reporting practices. The regulator is concerned about the quality of prudential returns, and the risks associated with inaccurate an...
    • 6 Mar 2018
  • Government Borrowing and Whole of Government Accounts

    Towards the end of last year, HM Treasury gave evidence to the Public Accounts Committee (PAC) on the level of government borrowing and the Whole of Government Accounts (WGA). Whilst the transcript of the oral evidence is rather lengthy, the PAC publ...
    • 6 Mar 2018
  • ICAEW Chart of the Week

    This week’s chart is on the subject of public spending, which in 2018 is expected to reach £22 trillion globally.   This is 35% of forecast global GDP for this year of £63tn. As expected, accounting for near...
    • 27 Feb 2018
  • What goes up...

    Interesting chart from Allianz showing the expansion in the monetary base as a proportion of GDP following the last decades monetary policy interventions... in other words Quantitative Easing (QE).  This is where the money to create the various ...
    • 27 Feb 2018
  • Without Question: the profession on screen

    On the back of the global success of False Assurance, our first educational film, we have invested in a second film, Without Question. The new film continues the overarching theme of professional scepticism but this time the script has extended the s...
    • 20 Feb 2018
  • ICAEW Chart of the week

    With recent news focusing on overseas aid for the wrong reasons, we thought it might be interesting to look at the UK’s international development spending in our chart of the week. In 2016 the UK Government spent £13.4bn on...
    • 19 Feb 2018
  • Shifting the business narrative: internalising externalities - a response to the Information for Better Markets Conference 2017

    For me the high point of the Information for Better Markets conference held in December was Jeffrey Unerman’s presentation Reporting on business’s external impacts: what do we know? This was a summary of research commissioned by ICAEW fro...
    • 15 Feb 2018
  • How do you improve your presentation skills?

    I have always dreamed of being a great orator – unfortunately it wasn’t to be. However, I do consider myself a competent public speaker. The feedback on my presentations is usually good and you have to accept that rarely does anyone pleas...
    • 8 Feb 2018
  • ICAEW Chart of the week

    This week the UK Cabinet is meeting to discuss future trading relationships after the UK’s departure from the European Single Market and Customs Union at the end of 2020. The result of these discussions could have a significant impac...
    • 6 Feb 2018
  • ICAEW Chart of the week

    With the UK preparing to agree its future trading relationships with both the EU and the rest of the world, our chart this week takes a look at the global economy. It illustrates the scale of EU and EEA single market that will continu...
    • 30 Jan 2018
  • ICAEW Chart of the week

    The NAO report last week on the Private Finance Initiative (PFI) and the collapse of Carillion has led us to focus on PFI in this week's chart. That PFI financing is more expensive than government borrowing for new infrastructure is a well rehe...
    • 24 Jan 2018
  • ICAEW Chart of the Week

    After a short interlude while I was in Harare, meeting some of our stakeholders in Zimbabwe here is a delayed Chart of the week from last week. Here at home, the news has been all about the demise of Carillion, so this chart looks at the p...
    • 23 Jan 2018
  • What does the 25 year plan to improve the environment mean for accountants?

    On 11th January Theresa May unveiled the government’s 25 year plan to improve the environment. It was the first keynote speech on the environment by a prime minister since Tony Blair in 2000. 18 years after Blair’s address, the issues out...
    • 23 Jan 2018
  • Beware of unintended consequences

    Whenever there are major corporate scandals, one of the first questions asked is ‘what did the auditors know and why didn’t they forewarn us about the risks?’.  This often leads on to questions about the governance and oversigh...
    • 19 Jan 2018
  • ICAEW Chart of the week

    With the Chancellor and Brexit Secretary both in Germany today to discuss future trade terms, this week also sees the start of one of the more complicated budgeting processes in the world: the European Union’s multi-year financial framewor...
    • 10 Jan 2018