Its official, in the second quarter April – June 2014 the UK gross domestic product grew by 0.8% and is now bigger than it was before the financial crisis that began six years ago. The state of the economy always attracts politically biased commentary, but reading between the lines it would appear that we are making steady progress. Interestingly, most Continue Reading
Read more
Economic update: August 2014
Following a period of faster than anticipated growth at the end of 2013, the economy has continued to strengthen with consistent growth throughout the first half of 2014. Gross domestic product (GDP) increased 0.8% in the second quarter of 2014 and was around 3.1% higher than the same period in 2013. The economy has grown for 6 consecutive quarters, the Continue Reading
Read more
New Publications on Website
Every month we add two technical publications to our website. This month's publications are: VAT Schemes https://mccleary.wpengine.com/wp-content/uploads/2014/08/mcclearyandcompanyltdPWP_APU_Aug14_vatschemes.pdf August 2014 Economic Update https://mccleary.wpengine.com/wp-content/uploads/2014/08/mcclearyandcompanyltdPWP_APU_Aug14_economicupdate.pdf
Read more
National Minimum Wage (NMW) rates and penalties
Last week we published details of who is, and who is not, entitled to payment at National Minimum Wage rates. This week we have listed the current rates of NMW that apply. There are currently three aged based national minimum wage rates and an apprentice rate, which are usually updated in October each year. The rates that apply from 1 Continue Reading
Read more