United Kingdom: Economic Analysis

Movement in the currency market remained highly volatile last week amid conflicting signals surrounding a potential US-Iran peace agreement, the uncertainty surrounding which is likely to continue to influence trends this week.

The UK determines tax residence based on the Statutory Residence Test (SRT). While the rules can be complex, incorporating five Automatic Overseas Tests, four Automatic UK Tests, eight potential split year cases, and the sufficient ties test (with five possible ties), in many cases the outcome ultimately turns on a simple metric: the number of days spent in the UK.

There are a number of potential tax advantages when using FICs, including Inheritance Tax, but these will vary depending on the size

Late payments are costing the UK economy £11 billion a year and forcing 38 businesses to close their doors every single day.

It is often said that those with the broadest shoulders should bear the heaviest loads. This principle is clearly reflected in the UK tax system, where individuals with a greater ability to pay, contribute a larger share of the overall tax burden.

As we approach the end of the 2025/26 tax year, now is the ideal time to review your personal tax position and assess whether you are making full use of the reliefs and allowances available.

The first draft of the EU Space Act, released on 25 June 2025, aims to make the European space industry "cleaner, safer, and more competitive," with a focus on three pillars...

While consumer product companies continue to face stiff headwinds—from margin pressure and retailer pushback to changing consumer priorities—a standout group of growth leaders has found strategic ways to scale.

The Financial Reporting Council (FRC) has issued significant amendments to FRS 102 and the treatment of revenue recognition and lease accounting.