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6th February, 2008
One in four home owners struggling to meet mortgage payments
One in four home owners struggling to meet mortgage payments • Reducing credit limits and the end of cheap fixed mortgage deals likely to push many over the edge
London 6 February 2008 – Almost one in four (22 per cent) people with mortgages and other debts find it difficult to meet repayments according to a new survey commissioned by professional services firm, KPMG ...
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6th February, 2008
KPMG Named ‘Best Islamic Assurance and Advisory Services Provider’
KPMG takes top advisory prize at 2008 Euromoney Islamic Finance Awards KPMG was named ‘Best Islamic Assurance and Advisory Services Provider’ last night at the 2008 Euromoney Islamic Finance Awards ceremony in London, UK ...
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5th February, 2008
KPMG awarded Three Stars for the third year running by Best Companies Accreditation
For the third successive year the Best Companies Accreditation Scheme has awarded KPMG the maximum ‘Three Stars’ for an ‘extraordinary’ level of employee engagement.
Understanding the firm’s client needs is the starting point for its people strategy ...
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4th February, 2008
Fraud hits 12 year high in 2007
Over £1bn of fraud comes to court – highest since 1995 Organised gangs inflict huge losses on Government ID theft and accounting frauds are widespread
Britain’s fraud problem shows no sign of abating, with over £1bn of fraud coming to court in 2007 according to KPMG Forensic’s Fraud Barometer - the highest value since 1995 and the second highest in the 20 year history of the Barometer ...
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1st February, 2008
Personal insolvency figures fall but long term outlook remains bleak
Two quarterly falls are a temporary respite as credit crunch bites KPMG welcomes protocol for Individual Voluntary Arrangements
According to figures released by the Insolvency Service today, the total number of personal insolvencies in the UK fell for the second quarter in a row when compared to the same period last year, after five years of continual increases ...
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31st January, 2008
Budget date announced: 12 March 2008
Commenting on today’s announcement that Alistair Darling will announce the 2008 Budget at 12.30 on 12 March, KPMG’s chief economist, Andrew Smith, said:
“This is the most difficult budget background since Labour came to power, as the public finances are out of phase with the economic cycle ...
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28th January, 2008
Four KPMG Students Take Top Merit
KPMG achieved pass rates in excess of 10 percentage points above the published ICAEW pass rates.
The results of the Institute of Chartered Accountants of England and Wales’ (ICAEW) December 2007 Professional Stage examinations of its Associate Chartered Accountant (ACA) qualification were published on Friday 25 January ...
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25th January, 2008
Retail sector gloom set to continue in 2008, according to industry panel
- Retail Think Tank predicts tough times on all fronts in first quarter - The latest meeting of the KPMG/SPSL Retail Think Tank (RTT) – the group of leading industry figures which provides a non-partisan guide to retail sector health – revealed that the difficult trading conditions at the end of 2007 look set to worsen in the first quarter of 2008 ...
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25th January, 2008
2008 private equity deal values expected to be half those of 2007, says KPMG
The average value of UK private equity deals plummeted in the fourth quarter 2007 to £94 million compared to £154 million for the same quarter in 2006 according to KPMG’s Private Equity Group (which tracks UK buyouts valued at over £10 million) ...
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24th January, 2008
CGT: the new landscape
The Chancellor today (24 January) announced further changes to the CGT regime from 6 April 2008 and introduced a new relief (to be termed “Entrepreneurs’ relief”).
From 6 April the CGT landscape will look substantially different from today:
there will be a headline rate of 18% but from today not the single rate the Chancellor had indicated (see below);
taper relief – which can in many cases result in a 10% tax rate – is to be abolished;
indexation relief – which avoids tax on inflationary gains – is also to be abolished;
for non-UK domiciled but tax resident individuals there is, as a result of the Chancellor’s actions last Friday, a loss of all the CGT advantages on their offshore assets and trusts;
and, finally, we will have the brand new Entrepreneurs’ relief ...
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