Currency Insights & Analysis

different pound currency notes spreading on table

UK inflation rises to 2.5% in June 2021

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New data reveals that UK inflation increased to 2.5% in the 12 months to June 2021, surpassing the Bank of England's (BoE) 2% target rate for a second consecutive month. The US has also experienced a surge in inflation, rising to a 13-year high of 5.4% during the same period. However, central Banks have labelled the rise as transitory and believe inflation rates will return to normal levels in 2022.
UK retails store

UK’s post-Brexit economy surging ahead of Freedom Day

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A recent survey of Chief Financial Officers (CFOs) has revealed a shift in business focus, with companies focusing more on investment and growth instead of cost reduction measures. Although risks to the UK economy remain, most CFOs foresee solid growth thanks to COVID vaccine progress. However, inflationary pressures and concerns over easing lockdown restrictions prematurely are weighing on GBP...
rays of lights in a theatre

What is the creative economy

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The creative economy describes various activities based on creative imagination, covering various creative industries, from performing arts to architecture. Providing jobs to millions of people worldwide, Deloitte says the creative economy is likely to be a key driver of economic growth as countries re-emerge from the coronavirus pandemic.
Emigrating abroad

How to Relocate Staff Overseas Successfully

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International employee relocation can bring business opportunities, but getting it right requires plenty of planning. This article outlines key things to consider when you relocate staff overseas as part of an office relocation or expatriate placement and provides you with a handy checklist.
IR35 tax changes

Global corporate tax reform plans backed by G20 nations

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US President Joe Biden’s international tax reform received the backing of the G20 nations after being approved by G7 countries last month. The historical agreement will see some of the world’s largest tech firms, including Apple, Amazon and Google endorse a minimum global tax rate of 15% on their profits.
Brexit - UK-US trade deal

Liz Truss hopes to secure free UK/US trade deal

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UK International Trade Secretary Liz Truss has headed to the United States to meet with US counterpart Katherine Tai to secure a free UK/US trade deal. Ms Truss stated her aim during the US trip was to build on the progress the UK has already made on tackling discriminatory market practices between the two nations and improving overall global prosperity.
Individual income tax return form,

June Updates from KPMG’s EU Tax Centre

Take a look as we break down the highlights from KPMG's European tax updates from the month of June, covering developments from the European Commission to the European Parliament Subcommittee. Meanwhile, tax experts argue that the G7 global corporate tax deal does little to benefit emerging markets.
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Technology trends for business leaders

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Technology has become the cornerstone of large-scale business strategies, providing a firm foundation for various industries. A recent study conducted by management consulting firm McKinsey has identified a list of the latest technology trends to help business leaders stay on top of the ever-changing tech landscape.
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UK financial bosses could have pay linked to diversity

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The financial services sector released a joint paper stating that they want to create a more diverse workforce and reduce gender and race inequalities. The Bank of England said City executives need to do more to achieve this and financial watchdogs said financial bosses could see pay linked to workforce diversity to help speed up progress...
shopify application opened in mobile

New EU VAT changes will severely impact UK eCommerce businesses

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New EU tax rules came into effect on 1st July 2021, adding 21% to any packages brought in from outside the EU. Not only does the new tax rule impact UK e-commerce businesses, but also those who frequently shop online internationally. The EU stated that the new tax rules would generate around EUR 7 billion for all 27 member states each year.
SEISS grant for self-employed workers

Fifth Self-Employment Grant – SEISS

HMRC has issued a major update on the fifth and final instalment of the Self-Employment Income Support Scheme (SEISS) grant, with new guidance on who’s eligible to make the claim. Eligible claimants will have until September end to put in a claim. The online claims service will open in late July...
windmill generating wind power

The Rise of ESG Investing

ESG (Environmental, Social and Governance) investing has seen a rapid rise during 2021 as more businesses embark on the quest for sustainability. According to the Financial Times, investors have placed over USD 54 billion worth of funds into ESG bonds during the first five months of 2021, and popularity is to continue.