'U-turn on NIC rise does not alter the need for a fundamental review of the way we tax work'
Commenting on the Government’s decision to reverse the proposal to raise National Insurance contributions (NICs) on self-employed workers, Michael Lavan, Tax Director at KPMG in the UK, said: “While Philip Hammond’s announcement today will no doubt attract headlines, it does not alter the underlying need for a root-and-branch review of the way in which the UK taxes work in the 21st Century.
Business asked for stability: the Chancellor largely delivered, says KPMG
Commenting on announcements in today’s Spring Budget, Michelle Quest, Head of Tax at KPMG in the UK, said: “As we head into exit negotiations with the EU, the Chancellor overall delivered messages of long-term economic stability, fiscal responsibility and the foundations to build a stronger, fairer Britain in today’s Budget.
Spring Budget: KPMG warns of Brexit reality gap
Karen Briggs, Head of Brexit at KPMG, comments ahead of tomorrow’s Spring Budget.
Invest in digital skills and innovation to get UK manufacturing firing on all cylinders
Help from Government to invest in new technologies and a better educated workforce top the wish list for manufacturing executives in London and the South East, according to a new report from KPMG.
Latest public sector finances suggest the Chancellor has some room for manoeuvre, says KPMG
Commenting on the Public Sector Finance figures from the ONS, Yael Selfin, Chief Economist at KPMG in the UK, said: “The strong January public finances figures announced today could see government net borrowing for 2016-17 well below OBR’s forecasts in November.
KPMG welcomes research showing millennials happy with apprenticeships
Michael Walby, UK Learning Director of Professional Qualifications at KPMG, comments on research published by University College London (UCL) Institute of Education which claims twenty-somethings who pursue vocational training rather than university report being just as satisfied with their lives.
Supreme Court judgment: business now looking to EU
Karen Briggs, Head of Brexit at KPMG, comments on today’s Supreme Court judgment: “As expected, the Government has lost its appeal on whether an Act of Parliament is needed before Article 50 can be triggered.
Industrial strategy green paper shows signs of promise for UK manufacturing
Commenting on the government's industrial strategy green paper launched yesterday (Monday), Stephen Cooper, head of industrial manufacturing at KPMG UK, said: “UK manufacturers will view Mrs May’s proposals as a long awaited and much needed step towards a consistent approach to help Britain’s economy adjust and succeed post-Brexit. It is encouraging to see the government welcoming industry views…
Online boom from Baby Boomers
KPMG’s global online consumer report, which analyses the online shopping preferences and behaviours of more than 18,000 consumers in 51 countries, has revealed that Baby Boomers (born between 1946 and 1965) are the generation that spend the most online, while Millennials (born between 1982 and 2001) spend the least.
Owning a car will be a thing of the past in less than a decade
UK automotive executives expect that more than half of today’s car owners will not want to own a car in less than a decade, according to KPMG’s Global Automotive Executive Survey 2017.
'2017 will bring a year of creative cyber criminality and determined government responses'
David Ferbrache, technical director in KPMG’s cyber security practice, highlights ten cyber security trends expected in 2017.
Education could help cure the UK’s productivity malaise but Brexit might worsen the condition
Ahead of the World Economic Forum at Davos, KPMG has released the second edition of the Variables for Sustained Growth (VSG) Index which measures countries’ productivity potential to illustrate where governments should be focusing efforts and investment in order to improve economic growth prospects.
KPMG UK breaks £2bn barrier, driving nearly 6% revenue growth
KPMG, the professional services firm providing audit, tax, deal advisory, risk and management consulting services, has announced today an increase in revenues from £1,958m to £2,068m (nearly 6 percent) for the financial year ended 30th September 2016.
Encouraging R&D is positive step to boost innovation and investment, says KPMG
Commenting on the Prime Minister’s pledge to boost Government investment in R&D by an additional £2bn by the end of this Parliament, KPMG claims there are other levers the Government should pull to reinforce the UK’s position as a leader in innovation.
UK companies set to hit acquisition trail despite Brexit vote
Two thirds of CEOs surveyed by KPMG say they plan to embark on M&A over the next three years. Furthermore, three quarters plan to sell non-core assets.
Post-Brexit CEOs buzzing with confidence but cautiously contingency planning
Despite largely voting to remain in the EU, the Brexit vote hasn’t dampened the short or long term confidence of UK CEOs. It has however raised a question mark over the UK’s ability to do business and, as a result, many as part of responsible contingency planning are considering relocating operations or headquarters, according to KPMG’s first ‘100 UK CEOs’ survey.
East of England ranks top three in UK innovation: R&D Tax Credit claims increase by 13%
The East of England is one of the leading regions in the country in promoting innovation in the UK economy, according to tax experts at KPMG. The announcement comes as HMRC publishes its latest statistics on claims for R&D incentives by businesses, which are designed to encourage investment in innovation through cash credits or by reducing a company’s tax bill.
KPMG expansion in East Anglia sees changes at the top in Cambridge
KPMG is pleased to announce the appointment of Charles le Strange Meakin as office senior partner for the firm’s East Anglian operations based in Cambridge.
New figures signal increase in high value fraud against businesses in the South East
Commercial businesses in the South East came under attack from fraudsters in the first half of 2016 to the tune of £84.1m, according to research out today.
Poor communication and arduous processes deter millennials from roles in big business
Onerous recruitment processes and poor communication by businesses are leaving millennials disillusioned and frustrated when applying for graduate jobs, warns new research.
Latest GDP figures show a resilient economy, says KPMG
Yael Selfin, KPMG's Head of Macroeconomics, comments on GDP figures released yesterday (Weds) which show 0.6% growth in Q2 2016.
Insurers unprepared for driverless vehicles disruption, says KPMG report
The majority of insurers are completely unprepared for the arrival of driverless vehicles, according to a new study from KPMG.
UK businesses in strong position to face challenging period ahead, says KPMG
New analysis from KPMG Restructuring shows that whilst the run up to the EU Referendum created a period of uncertainty for British business, the number of companies entering insolvency across England and Wales in the second quarter of 2016 actually fell.
KPMG brings on the music for Action for Children
Businesses in Cambridge have raised over £1,000 for Action for Children by taking part in a music quiz hosted by KPMG.
Brexit – what does it mean in the short-term?
Lower consumer spend, lower GDP growth, delayed investment decisions and reduced public spending are just some of the impacts the UK will see as a result of the referendum result that will see the country leave the European Union. Further afield, uncertainty will put pressure on economies across Europe and beyond; with general elections, a stronger US dollar and capital outflows creating further…