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Commenting on the latest construction insolvency statistics Kelly Boorman, national head of construction at RSM UK, said: “In the 12 months to February 2024, construction experienced the highest number of insolvencies above any other industry. Given the acute pressures the industry is facing, we can expect this number to continue rising.

Figures released today by the Insolvency Service show the number of individuals entering a personal insolvency procedure was up 8% quarter-on-quarter in Q1 2024, the first successive rise since Q4 2021. 

Financial services firms now have just six months to prepare for new sexual harassment prevention laws being introduced in The Worker Protection Act from 25 October.

Commenting on Associated British Foods’ interim results for Primark, Robyn Duffy, consumer markets senior analyst at RSM UK: 'Today’s results from Primark defy the retail industry's year-end slump with a robust performance. Despite prevailing market headwinds, the retailer’s prudent pricing strategy, marked by selective increases and steadfast value proposition, continues to resonate with cost-conscious consumers and underpins the business’s long-term resilience.'

The latest ONS figures show retail sales volumes were flat (0.0%) in March, with increases in household goods (2.4%) and clothing (0.5%), but a decrease in food sales (0.7%).

The government has announced more detail on plans to tackle non-compliance in the umbrella companies market in today’s Tax Administration Day summary.

Leading audit, tax and consulting firm RSM UK has announced the appointment of Stuart Clowser as head of private equity. 

Following consultation with industry stakeholders on the introduction of an administrative charge to defray the cost incurred by government-run border control posts (BCPs), the Department for Environment, Food and Rural Affairs (DEFRA) has confirmed the introduction a Common User Charge (CUC), effective from 30 April 2024.  

Data released today by the FCA shows 7.4m people were struggling to pay their bills and credit repayments in January 2024, showing many people continue to be impacted by the cost of living crisis.