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The Latest Breaking News from BDO

Businesses pessimistic about government support as output shrinks

Almost a third of small businesses in Scotland are considering closure due to cost-of-living pressures

Insider UK

Businesses pessimistic about Government support as output shrinks

For half of small businesses, fuel and energy costs remain their biggest concern despite the Government’s energy relief package.

The Independent UK

September records slowest retail sales growth since shops reopened post-Covid

Total in-store and online sales increased by just 2.8% in September on last year, according to BDO’s High Street Sales Tracker.

The Independent UK

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BDO welcomes more than 20 new trainees in Scotland

Applications for the firm’s 2023 graduate and school leaver apprentice programmes will open next week

Insider UK

Recession fears as employers ending recruitment, says report

Labour market said to be at 'turning point'

Wales Online

Jobs market 'at turning point' as employers end recruitment

Lower paid workers are facing 'worst-ever' financial crisis, research warns

Insider UK

Apprenticeships still overlooked by young people says new report

Head of West Midlands training provider brands the findings 'disappointing but not surprising'

Birmingham Post

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Scottish companies face penalties over Plastic Packaging Tax registration

Almost a third (28%) of affected Scottish mid-sized businesses have yet to register for the newly-introduced tax

Insider UK

Fears that cost of living crisis hitting EFL attendances

Post-Covid financial challenges remain highest in Championship and Leagues One and Two

Birmingham Post

From pay rises to bonuses - businesses 'going extra mile' to help during cost of living

A survey of 500 medium-sized businesses found many are offering financial support packages to support staff during the cost-of-living-crisis and to retain employees

Daily Mirror

UK businesses slash investments due to soaring prices and Brexit

As many firms are now planning to cut investment as to increase it, latest polls find

The Guardian - UK

Scottish circular economy deal-making expected to spike

The number of related investments increased by 64% from 72 in 2020 to 119 in 2021

Insider UK

Survey highlights vital importance of North East manufacturing as sector recovers from Covid

The Make UK and BDO annual survey shows the North East has also increased its dependence on the EU market

Birmingham Post

Cost-of-living crisis weighing on retail sales

An 8.8% drop in homeware sales suggests that consumers are postponing large purchases, according to the BDO High Street Sales Tracker.

The Independent UK

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Insider UK

BDO invests in Edinburgh office refurbishment

The 6,600 sq ft space at Haymarket has been designed to better accomodate hybrid working

Birmingham Post

Manufacturers call for help to get through coming economic 'storm'

A survey of manufacturing companies has revealed a worsening picture for many firms

The Independent UK

Manufacturers call for added support amid bleak economic climate – survey

Trade body Make UK and accounting and business advisory firm BDO surveyed UK manufacturers

Insider UK

Less than one in five Scottish businesses decline client work over ESG credentials

While many turn own work based on these factors, Scottish leaders do so at lower levels than the rest of the country

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Birmingham Post

BDO Midlands commits to Nottingham with five-year office deal

The regional team is currently based in temporary accommodation in the Regus serviced offices in the city centre

The Guardian - UK

UK GDP falls for second month running; stocks and pound slump amid recession fears – as it happened

Pound hits one-month low after UK GDP falls 0.3% in April and European stock markets drop to three-month lows

Evening Standard

Business optimism sinks to lowest level in over a year

Business optimism has dropped to its lowest level since March 2021 as firms weigh the prospect of continued inflationary pressure and supply chain disruption in the months ahead.

ABC News

WA Liberals report finds widespread branch stacking and manipulation of preselections

A leaked review of Liberal Party membership records in WA, conducted in the wake of the party's abysmal performance at last year's state election, reveals widespread branch stacking and manipulation of state preselections.

Birmingham Post

Half of businesses are turning down clients over ESG credentials, according to new report

BDO has published its Rethinking the economy survey

The Independent UK

Ex-darts champion Ted Hankey jailed for sex assault

The judge at Chester Crown Court said the player had shown ‘more self-pity than remorse’ over the attack, which was caught on camera.

Insider UK

Scottish businesses 'risk underestimating inflation rates'

Research reveals only 73% of Scottish businesses have only accounted for a 3% to 5% level of inflation this year

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