Figures published by the Office for National Statistics on 10 May 2024 show that the UK has officially exited recession.
UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 (July to Sept) 2023. The UK had entered a period of recession after its GDP had shrunk for more than two quarters in a row.
To read more, see: https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpfirstquarterlyestimateuk/januarytomarch2024
The government has made a new Artificial Intelligence (AI) tool available on the GOV.UK app called GOV.UK Chat. It draws on official government guidance, including tax, to answer questions.
The latest annual update to Student Loan interest rates was made last week by the Department for Education.
Certified by Xero means you get better deals and faster turnarounds
ONLINE Accountancy, Bookkeeping, Management Accounts, Taxation advisory using cloud based software such as XERO, QUICK BOOKS, MS 365 and much more to assist your business to perform better and deliver results.
