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ICAEW

ICAEW

@icaew.bsky.social

240 followers 71 following 81 posts

Providing insight and leadership to our members and to the global accountancy and finance profession.

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ICAEW @icaew.bsky.social · Sep 12

➡️ Chart of the week: Employment costs - ow.ly/sQZU50WVFwC

ICAEW @icaew.bsky.social · Sep 12

➡️ Finding investors for a specialist medical start-up - ow.ly/CeJH50WVFwE

ICAEW @icaew.bsky.social · Sep 12

➡️ Supreme Court motor finance ruling: six key questions for financial services - ow.ly/V8fZ50WVFwB

ICAEW @icaew.bsky.social · Sep 12

New this week on the Insights Hub 🧵:

➡️ Pro-growth tax reforms to support small businesses - ow.ly/YbtI50WVFwA
The Insights Hub is free for ICAEW members to access.

#icaewDaily #tax #finance

ICAEW @icaew.bsky.social · Jul 4

Government launches UK sustainability assurance regime consultation: www.icaew.com/insights/vie...

ICAEW @icaew.bsky.social · Jul 4

Chart of the week: Energy price cap: www.icaew.com/insights/vie...

ICAEW @icaew.bsky.social · Jul 4

Financial Services Sector Plan - what ICAEW wants: www.icaew.com/insights/vie...

ICAEW @icaew.bsky.social · Jul 4

ICAEW seeks views on UK transition planning: www.icaew.com/insights/vie...

ICAEW @icaew.bsky.social · Jul 4

New news on the ICAEW Insights hub > New in the M&S Foodhall: a VAT dilemma: www.icaew.com/insights/tax...

ICAEW @icaew.bsky.social · Jul 2

The ICAEW Code of Ethics 2025 takes effect today. Get your team up to speed with a few quick activities. Watch a video, take a quiz and discuss an ethical dilemma here: ow.ly/j4sP50WiRRa

#icaewDaily #ethics

ICAEW @icaew.bsky.social · Jun 30

The government is consulting on the first two draft UK Sustainability Reporting Standards, plus proposals on assurance and climate transition plans. Have your say by 17 September. Read more: ow.ly/4pFW50WieTG

#icaewDaily #sustainability

Reposted by ICAEW

Martin Wheatcroft @martinwheatcroft.bsky.social · Jun 27

My #icaewchartoftheweek for @icaew.bsky.social illustrates the relative shares of economic activity around the world compared with population on both a market-exchange rate and purchasing power basis.

Read more: bit.ly/46fES1l

A three column chart each adding up to 100% with the central bar showing percentages of the global population, the left-hand bar showing percentages of market GDP. and the right-hand bar showing percentage of power-purchasing-parity (PPP) GDP. The bars are linked with lines to emphasise the relative proportions.

US & Canada: Market GDP 29% - Population 5% - PPP GDP 16%.
Europe: Market GDP 23% - Population 7% - PPP GDP 18%.
China: Market GDP 17% - Population 17% - PPP GDP 20%.
Rest of the world: Market GDP 24% - Population 28% - PPP GDP 30%.
South Asia & China: Market GDP 7% - Population 43% - PPP GDP 16%.

27 Jun 2025. Chart by Martin Wheatcroft. Design by Sunday. Source: IMF, 'World Economic Outlook Database, Apr 2025'.

Reposted by ICAEW

Martin Wheatcroft @martinwheatcroft.bsky.social · May 30

My #icaewchartoftheweek for @icaew.bsky.social is on how quarterly GDP has increased by 21% over the last three years. Most of that has been inflation, with economic growth of just 2.8% - a fall of 0.5% on a per person basis.

Read more: bit.ly/3HhsHGW

A step chart showing the change in quarterly GDP over three years.

Quarterly GDP in 2022 Q1 of £610.3bn + Inflation (GDP deflator) of £108.0bn (+17.7%) + Economic growth of £20.3bn (+2.8%) = £738.6bn in 2025 Q1.

Shaded box in the middle shows population growth of +£23.7bn (+3.3%) - per capita growth of £3.4bn (-0.5%) = +£20.3bn (+2.8%) for economic growth.

30 May 2025. Chart by Martin Wheatcroft FCA. Design by Sunday. Source: ONS, 'GDP first quarterly estimate, UK: Jan-Mar 2025'.

ICAEW @icaew.bsky.social · May 29

Retail is under cyber threat. The M&S attack cost £300m and exposed major risks in supply chains and incident response. Read more on what happened, why it matters, and key lessons for every business: ow.ly/jITB50W0eZW

#icaewDaily #cybersecurity

Reposted by ICAEW

Martin Wheatcroft @martinwheatcroft.bsky.social · May 24

My #icaewchartoftheweek for @icaew.bsky.social is on UK-EU trade in 2024 in the light of Monday's deal to reduce trade barriers put in place since Brexit.

Read more: bit.ly/4kwUb9N

@ukgovernment.bsky.social @eudelegationuk.bsky.social

Step chart on UK-EU trade in 2024.

Left hand column: UK imports from EU of £454bn (agriproducts £50bn + goods £264bn + services £140bn).

Steps: Less trade deficit on agriproducts of £33bn less trade deficit on goods of £107bn plus trade surplus on services of £47bn = an overall trade deficit of £93bn.

Right hand column: UK exports to EU of £361bn (agriproducts £17bn + goods £157bn + services £187bn).

23 May 2025. Chart by Martin Wheatcroft. Source: ONS, 'UK trade: goods and services publication tables'. (c) ICAEW 2025.

ICAEW @icaew.bsky.social · May 23

HMRC collected or protected £5.2bn in tax from wealthy individuals in 2023-24 – up from £2.2bn in 2019-20. Discover what’s driving the spike in tax revenue and what it means for high-net-worth taxpayers: www.icaew.com/insights/tax...

ICAEW @icaew.bsky.social · May 20

We are pleased that the UK-EU summit recognised the importance of professional qualifications, addressing barriers faced by UK service providers: ow.ly/V6vo50VVtxP

#icaewDaily #brexit

ICAEW @icaew.bsky.social · May 19

A number of taxpayers who appear to have claimed investors’ relief without a valid claim have been identified by
@HMRCgovuk
: ow.ly/Ug9U50VUNUv

#icaewDaily #tax

ICAEW @icaew.bsky.social · May 15

We are reminding employers of the 6 July deadline to submit employment related securities returns.

Learn about the new process for transferring an employer’s national insurance contributions liability to an employee: ow.ly/Cwf450VT3HH

#icaewDaily #tax

ICAEW @icaew.bsky.social · May 13

We have flagged weaknesses in government plans to tackle tax advisers facilitating non-compliance, and suggest a different approach: ow.ly/YKV350VRGE1

#icaewDaily #tax

ICAEW @icaew.bsky.social · May 12

We believe e-invoicing is the future and recommend that people voluntarily adopt the electronic process: ow.ly/w21Q50VQ9Hy

#icaewDaily #tax

ICAEW @icaew.bsky.social · May 9

Steel, farmers and cars to benefit from UK-US deal

www.icaew.com/insights/vie...

#economy #tariffs

ICAEW @icaew.bsky.social · May 9

We are consulting on new Disciplinary Sanctions Guidance. For all the details, read the full article: ow.ly/22mR50VPQYW

#icaewDaily #sanctions

ICAEW @icaew.bsky.social · May 7

We welcome the new free trade agreement between the UK and India as 'a highly significant deal': ow.ly/95uq50VOjFT

#icaewDaily #tariffs

ICAEW @icaew.bsky.social · May 7

We have responded to the government’s proposed changes to inheritance tax, arguing against the scale and scope of the new plans: ow.ly/CBCl50VOiwQ

#icaewDaily #tax