Inflation holds steady – hopes of interest rate cut dashed
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Inflation holds steady – hopes of interest rate cut dashed
18th September 2025Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. UK inflation held firm at 3.8% in August, remaining at almost double the Bank of England’s 2% target. Inflationary pressures persist, driven by a tight labour market and resultant rising wages, as well as transport and fuel…
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Labour market resilience in the face of economic slowdown – comments from Professor Joe Nellis, economic adviser at MHA
16th September 2025Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The UK labour market remains resilient in the face of economic slowdown, with unemployment holding steady at 4.7% in the three months up to July. Average weekly earnings growth decreased to 4.8% year-on-year, but this remains higher…
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Graduates From All Walks of Life Begin Careers at MHA
16th September 2025From one of the heaviest twin babies born in Scotland, to a stablehand on a horse ranch in Canada, the class of 2025 has arrived at the Edinburgh office of accountancy firm MHA. The latest intake of graduates and students have taken up position at the firm’s St Colme Street…
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Momentum grinds to a halt in UK economy – comments from Professor Joe Nellis, economic adviser at MHA
12th September 2025Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The UK economy did not grow in July, a drop off from the 0.4% growth in GDP recorded in June. This is worrying news for the Chancellor, making her decisions at the Budget in November even more…
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Why would anyone want to be Chancellor?
4th September 2025Patrick King, Head of Tax at MHA on the announcement of the Budget Day Why would anyone want to be Chancellor? 3 September 2025: With Government borrowing at a near 30 years high, her stewardship of the public finances facing increasing criticism and having just lost her most reliable adviser…
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Rising costs and US tariffs are a perfect storm for UK manufacturers
1st September 2025Chris Barlow, head of manufacturing at MHA, comments on today’s S&P Manufacturing PMI data: Manufacturing PMI has fallen back to 47 and it remains firmly in contraction territory below 50. This isn’t surprising, given the scale of the challenges UK manufacturers are currently facing despite some modest signs of optimism…
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Scottish charities must be prepared to navigate the changes in law reform which are coming into effect.
28th August 2025Starting back in 2024 but continuing into next year, the raft of changes will bring a shift in the governance of third sector organisations. With further changes from the Charities (Regulation and Administration) (Scotland) Act 2023 coming into force in this week (Aug 31), now is the time for charities…
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Dip in public borrowing offers Chancellor hope
21st August 2025Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. UK public sector borrowing dropped to £1.1bn in July, the lowest July borrowing for three years, as stronger tax revenues slowed the increase in public borrowing. The uplift in receipts was largely driven by a better-than-expected economic…
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Rise in inflation dampens hope of further interest rate cuts this year
20th August 2025Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. UK inflation has risen to 3.8% in July, up from 3.6% in June, and now sits at almost double the Bank of England’s 2% target. The increase, driven largely by persistent domestic cost pressures, signals that inflation is…
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Business confidence low and insolvencies a threat, but is it quite as bad as people think?
19th August 2025Nick O’Reilly, former R3 President and Restructuring Director at MHA, the accountancy and advisory firm, comments on today’s insolvency statistics: Total company insolvencies in the UK rose slightly in July (by just over 1%), as businesses continue to navigate a difficult economic environment. The retail and hospitality sectors are having…
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