As the cost of living in the UK spirals, the Bank of England has raised interest rates to 1.25% – the highest rate for 13 years. It’s the fifth increase since December 2021 and will impact every part of the economy, from the housing market to pensions and savings. But increased [...]
After successfully running Accsys Accountants in Maidstone for over a decade, I purchased the practice in Rochester 2 years ago to help modernise it and take the business forward. From 30th June 2022, will become part of the Accsys family and will be known as Accsys Accountants (Medway). We will continue to serve [...]
Businesses have not had an easy time in 2022, experiencing everything from supply chain disruption, energy price hikes, general inflation, and mass employee resignations. Today, 77% of SME leaders are concerned about the cost of living crisis. Add to that an almost-certain official recession this year, and the future doesn’t look [...]
In 2020, a survey of British workers found that 79% experience work-related stress–up from 58% in 2018. Stress is a part of life, but it makes sense that workers are feeling more burnt out than ever before. With no end in sight to the cost of living crisis and many people [...]
The UK’s economic outlook for 2022 doesn’t make for happy reading. Consumer spending is slowing as the cost of living increases and businesses are also seeing expenses rise, a costly combination that looks set to worsen. The country has already experienced record-breaking inflation this year–reaching 9%, but expected to rise to [...]
Co-working spaces have risen in popularity over the last five years. Globally, the number of co-working sites is expected to reach 40,000 by 2024, a rise of 24,000 since 2018. What we know as ‘co-working’ can take many forms. This could mean paying for individual hot desking for your employees or [...]
The rising cost of living in the UK has affected everyone. In March 2022, 83% of adults reported seeing everyday costs rising, including energy prices, fuel, and food and drink. As someone living in the UK, you’re probably also looking for ways to cut costs. As a business owner, it’s likely [...]
On March 17th 2022, P&O Ferries suspended their operations after firing almost 800 members of staff, a decision that provoked outrage across the UK, both from other business leaders and MPs. Two months after the incident, though, P&O is yet to face any consequences for their decision. So, exactly how controversial [...]
In March 2022, the UK’s inflation hit a record-breaking 7%, the highest for three decades. This has prompted a huge rise in the cost of living, with the consumer price index (CPI) set to reach 9% - an unprecedented high. All of this prompts the question: should companies be increasing employee [...]
The worst thing about your business not being efficient is the opportunity cost the loss of other things you could be doing with the time. If your business is inefficient, you are effectively wasting time doing things that could be done quicker, this time could be spent on a myriad of [...]
