09 Jul 2024

We live in taxing times, and don’t expect the new government to alter most of what follows

HMRC estimates that 37.4m people will pay income tax in 2024/25, up by 1.2m on 2023/24 and 4.4m on 2021/22, when the tax-free personal allowance was frozen.

17 Jul 2023

Audit Reform

The problem with the auditing profession is not with the auditing profession. It lies with the regulators and Ivory tower theorists that may have slept through the expectations gap and have then decided to solve it not be explaining the purpose and limitations of auditing but by changing them to some unrealistic incarnation as financial fortune-tellers.

24 May 2023

Corrupt Practices and “the system”

An investigation by the BBC’s economics correspondent Andy Verity has revealed that central banks including the UK’s Bank of England, the Banque du France, the European Central Bank, Banca d'Italia, Banco de Espana and the Federal Reserve Bank of New York pressured banks in the wake of the 2008 financial crisis to artificially adjust benchmark interest rates called Libor and Euribor, which track how much it costs banks to borrow money from each other.

24 Oct 2022

We need better MPs

This isn’t about the revolving door at no 10, it’s about tax law, which is created by MPs. There are too many dullards in Parliament.

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