Scottish accountants cite concerns over clients’ futures.
1 in 5 Scottish firms fear rising payroll costs
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Current Affairs
Business confidence tumbled in late 2021
Confidence lowest in accommodation and food services.
Base rate of interest rises again to 0.5%
Interest rates rise for the second time in three months.
ONS developing ‘radical’ method to better measure inflation
Concerns inflation may be higher for low-income families.
Retail sales volumes drop in December 2021
Sales fell at the fastest rate in 11 months.
UK inflation hits 30-year high
Food prices largest contributor to rising inflation.
ONS: 0.6% more workers on payroll
184,000 more payrolled employees in December 2021.
UK economy surpasses pre-pandemic level
November 2021 UK GDP estimate up 0.7% on February 2020.
Rising concerns about impact of inflation
Survey suggests 24% of individuals are “very concerned”.
Retail footfall slips amid Omicron concerns
Shoppers limited their in-store trips to avoid COVID variant.
30% of small firms in late-payments struggle
One in ten say late payments threaten their business.
New post-Brexit customs rules come into force
Companies trading with the EU face stricter rules.
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