EY comments on measures by the government to support the self-employed
On 26 March, Rishi Sunak announced an additional package of measures to support the self-employed who have been impacted by COVID 19. The Chancellor announced that the Government will provide a taxable grant to self-employed people up to a maximum of £2,500 per month. The amount will be based on 80% of their average monthly income based on their last three tax returns.
EY comments on the Chancellor’s emergency stimulus announcements
Stuart Wilkinson, head of tax at EY in Cambridge, comments on the latest goverment actions to help mitigate the economic impact of the COVID-19 outbreak.
R&D investment is good news for innovative businesses and region's universities
Stuart Wilkinson, EY’s Head of Tax in Cambridge, comments on today's Budget: "The Chancellor’s announcement that he is set to increase R&D investment to £20bn, contributing 2.4% to GDP, is good news for the region’s universities and for the wealth of innovative businesses operating in the East of England.
East of England set to be one of the fastest growing regions over the next three years, says latest EY report
The East of England is set to be among England’s fastest growing regions over the next three years, according to EY’s latest Regional Economic Forecast.
East Anglia profit warnings remain stable in 2019
The number of profit warnings issued by listed businesses in East Anglia in 2019 remained unchanged, following a year of political and economic uncertainty, according to EY’s latest quarterly Profit Warnings report.
Software and Computer Services issues the highest number of profit warnings in East Anglia, according to 20-year EY analysis
The Software and Computer Services sector has consistently issued the highest number of profit warnings in East Anglia, according to a report into the last 20 years of profit warnings in the region, released by EY today.
EY reports steady UK growth as UK fee income rises 1.5% to £2.45bn
EAST, 19 November 2019: Following multiple years of strong growth, EY has prioritised continued investment in audit quality, talent, technology, environmental sustainability, and the expansion of its regional business over the last financial year, growing UK revenues by a steady 1.5% and hiring over 2,600 people.
EY announces new Office Managing Partner to lead its Cambridge office
EY has announced the promotion of Stuart Wilkinson to new Office Managing Partner in Cambridge to lead the office and continue its growth in the East region. He takes over the reins from Nick Gomer who is retiring from the business after 40 years.
CEO of Cambridge-based CMR Surgical wins ‘Disruptor’ award at the EY Entrepreneur Of The Year™ 2019 UK final
Martin Frost, CEO of Cambridge-based CMR Surgical, was named ‘Disruptor’ winner at the EY Entrepreneur Of The Year™ 2019 UK awards last night in London.
Economic volatility prompts profit warning high in East Anglia
In the nine months to the end of September, quoted companies in East Anglia issued seven profit warnings, the highest year to date total since 2016 (7), according to EY’s latest Profit Warnings Report.
Cambridge listed as 8th best performing UK location for attracting FDI projects
Cambridge has been listed the 8th best performing UK location for attracting Foreign Direct Investment (FDI) projects for a second year running, despite seeing a 29% year-on-year decline in FDI in 2018 to 10 projects from 14 projects in 2017.
Cambridge businesses team up for EY’s Charity Quiz to raise £8k
The annual EY Charity Quiz has now raised over £8k for Cancer Research and Arthur Rank Hospice, thanks to the support of Cambridge businesses.
Three East entrepreneurs shortlisted as finalists in 'EY Entrepreneur Of The Year 2019'
CMR Surgical, Comtec and Electric Tobacconist are finalists in EY Entrepreneur Of The Year 2019
Decent GDP growth in Q1 likely to be a ‘false dawn’ as Brexit fog continues to hang over UK
The EY ITEM Club Spring Forecast has cut its GDP growth projections to 1.3% for 2019 (from 1.5% in the EY ITEM Club Winter Forecast) and 1.5% for 2020 (down from 1.7%).
EY Spring Statement predictions
Stuart Wilkinson, EY’s Head of Tax in the East, provides his predictions in advance of today's Spring Statement.
Chancellor late with his homework?
Stuart Wilkinson, EY’s Head of Tax in the East, comments on the contents of today’s Spring Statement:
EY ITEM Club forecasts stronger annual GDP growth in 2019 but depends on Brexit deal
The UK has the overall ingredients needed to achieve a stronger rate of economic growth in 2019 (1.5%) and 2020 (1.7%) compared to 2018 (1.4%), but this is strongly dependent on the UK leaving the EU with a withdrawal deal on 29th March, according to the EY ITEM Club’s Winter Forecast.
East Anglia sees highest number of profit warnings in three years
Listed companies in East Anglia issued a total of 10 profit warnings in 2018 – the highest number recorded since 2015 (10) and six more warnings when compared to 2017 (4), according to EY’s latest Profit Warnings Report.
EY expands Cambridge tax team with appointment of two directors
Jason Locking and Matt Webb have both been hired as Directors to join EY’s growing tax team based in Cambridge.
IPOs listings slow in 2018 amid Brexit uncertainty
The largest IPO listing of 2018 in the final quarter wasn’t enough to overcome a fall in IPO activity as companies weighed up Brexit uncertainty, according to EY’s latest IPO Eye report.
Growth plans of UK entrepreneurs blocked by access to funding
Over half of UK entrepreneurs (51%) are expecting to increase their revenues by 50% in 2019, yet many are facing an uphill battle when it comes to funding the growth of their businesses, according to EY’s latest Fast Growth Tracker published today.
Cambridge and the East economy to weaken as economic forecast predicts slow UK growth
The East of England saw a significant slowdown in its economic growth activity in 2018, with 1.1% Gross Value Added (GVA) growth compared with 2.2% in 2017. However, the region is expected to recapture some ground with its growth rate improving to 1.6% until 2021, although this is still lower than the UK average of 1.7%.
Annual cost savings of over £1 billion if UK financial services firms go paperless
Substantial cost savings, estimated at £1.3bn annually, could be available if UK financial services firms and 80% of their customers, go paperless¹, according to a new survey from EY. This is in addition to the huge environmental benefits of reducing the paper flow between banks, insurers and asset managers and their customers.
Budget 2018: Comments from EY's Stuart Wilkinson
Stuart Wilkinson, EY’s Head of Tax in the East of England, comments on this year’s Budget.
Budget 2018: comment from EY's Nick Gomer
Nick Gomer, EY’s Managing Partner in the East of England, comments on this year’s Budget: “This afternoon’s Budget was delivered exactly five months before the UK is due to exit the EU and focused on putting an end to austerity.