Fixing the labour market will be a defining feature of Andy Burnham’s premiership
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Fixing the labour market will be a defining feature of Andy Burnham’s premiership
24th July 2026Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm The UK labour market is failing to gain momentum as the unemployment rate held at 4.9% in May while earnings growth (excluding bonuses) remained at 3.4%. Unemployment remains low by historical standards, but the current trend…
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MHA reports revenues up 12% to £251m in first full year as a quoted company
24th July 2026MHA, a leading professional services provider of audit and assurance, tax, accountancy and advisory services, is pleased to announce its unaudited preliminary financial results for the year ended 31 March 2026. Revenues were up 12% to £251.3m from £224.1m in FY 25. Growth in the period was split by 6.4%…
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High public sector borrowing demands tough decisions from Burnham and Healey
21st July 2026Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm The June public sector borrowing data provides an early warning to the new Prime Minister and his incoming Chancellor, John Healey, of the scale of the challenge ahead. Borrowing came in at £16 billion, underscoring the…
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MHA: UK housing market remains sluggish as buyers wait and see
13th July 2026The housing market has entered a holding phase. The long-term trajectory of interest rates remains unclear, leading many potential buyers to hold off on purchasing until the economic outlook becomes clearer. Prices are yet to pick up at any great rate this year, with the Halifax House Price recording only…
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Social media bans for under-16s – what is the real cost?
13th July 2026We teach children road safety. It seems preferable to forbidding them from crossing the road. Arguably, the same thought process should be applied to the banning of access to social media for UK under 16s. Restricting access does not necessarily build resilience. Although the instinct to protect young people from…
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MHA: Manufacturers need certainty as short-term uplift starts to fade
6th July 2026John Bryant, head of manufacturing at MHA, comments on today’s S&P Manufacturing PMI data: “June’s PMI figures show a manufacturing sector still growing, but with momentum feeling more fragile as the index fell to 52.5. The recent uplift appears to have been temporary, driven in part by customers stockpiling ahead…
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Business owners face increased HMRC reporting obligations
29th June 2026By Mark Yellowlees, director at MHA in Edinburgh Owner-managed businesses and company directors are being reminded that new HMRC reporting requirements apply from the 2025/26 tax year, increasing the amount of information that must be provided through Self Assessment tax returns. The changes apply from the 2025/26 tax year and…
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Starmer is gone and Burnham’s coronation seems imminent — how will the financial markets react?
23rd June 2026Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The expectation of the Prime Minister’s resignation in recent days had already driven volatility in financial markets – a spike in bond yields and fall in sterling this morning shows that his resignation is only adding…
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UK government borrowing comes in above £20bn for second consecutive month
23rd June 2026Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Public sector net borrowing came in at £23.3 billion in May, showing the continuing pressure on the UK’s public finances and the difficult choices that lie ahead for the government and the Treasury for the rest…
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No surprises as MPC Votes for ‘Wait-and-See’ – holding interest rates steady buys the Bank time
23rd June 2026Emeritus Professor Joe Nellis economic adviser at MHA, the accountancy and advisory firm The decision by the Monetary Policy Committee to keep interest rates at 3.75% indicates increasing concern that although yesterday’s figures were flat there remain longer term inflationary fears in an environment where the UK economy struggles to…
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