Business and Economy

Grant Thornton gives UIC creditors a boost

17 May 2007
Accountancy firm Grant Thornton has announced that it has set the first initial dividend from the liquidation of the UIC Insurance Company at 100 per cent.

Accountants 'confident' on economy

15 May 2007
Confidence among accountants has reached the highest level that it has been at in the last three years, according to recent figures.

Late payments 'cost UK business £20 bn'

14 May 2007
Businesses in the UK lose up to £20 billion per year because of poor payment practice, according to new research from the payments group Prompt Payer.

Deloitte CEO supports Bush

11 May 2007
The chief executive of the Big 4 accounting firm Deloitte has come out in support of a recent speech by President Bush reaffirming his open-door policy to foreign investment in the US.

Personal insolvencies rise

08 May 2007
The number of people who are entering into IVAs has reached 13,233, according to the Insolvency Service.

PwC: More outsourcing needed in public sector

03 May 2007
The public sector needs to use outsourcing to a greater degree, according to a new survey from Big 4 firm PricewaterhouseCoopers (PwC).

Sarbanes-Oxley 'not behind exodus of US companies to London'

30 April 2007
A new study from economic experts in the US counters the argument that the Sarbanes-Oxley legislation is resulting in an exodus of companies listed on the New York Stock Exchange (NYSE) to London, with experts stating that the Sarbanes-Oxley Act has had little real impact in this regard.

Extended life expectancy 'costs £30bn'

25 April 2007
An increased life expectancy has cost UK private sector pensions an estimated £30 billion over the last two years alone, according to analysis from Big 4 firm KPMG.

Item Club warns on economy

24 April 2007
Ernst and Young's Independent Treasury Economic Model (Item) Club has warned that the UK economy is "skating on thin ice".

Irish accountants 'pessimistic'

20 April 2007
Accountants in Ireland are twice as pessimistic about the future of the country's economy as they were six months ago, according to the most recent Certified Public Accountants (CPA) Business Barometer Survey.

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