August 2024

Key Accounting Updates: August Roundup

Welcome to this month’s news roundup, where we’ll be covering the latest developments in the world of finance and tax.

This edition focuses on key financial and political developments. HMRC’s inheritance tax recovery has soared, reflecting the growing burden of inheritance tax on estates. London has been ranked the 8th most expensive city globally, highlighting the capital’s high cost of living. Meanwhile, the council tax debt crisis is escalating, with more households struggling to meet rising payments. On the political front, Labour has secured a landmark election victory, signalling potential shifts in policies that may impact the economic landscape in the coming months.