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UK risks talent shortage as fewer overseas skilled workers apply to private sector

The number of skilled workers from overseas applying to enter the UK’s private sector has fallen by 9% since the Brexit vote, raising fears over an increasingly severe talent shortage after the UK leaves the EU. Figures from UK Visas and Immigration show that over 4,000 less...
Posted On 17 Feb 2020
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“UK business output hits 17-month low” states BDO LLP’s Business Trends Report

A decline in output across the services and manufacturing sectors has caused BDO’s Output Index to drop to its lowest level in 17 months, falling by 0.65 points to 96.04 in November. BDO’s Output Index, which is made up of BDO’s Manufacturing Output and Services Output indices,...
Posted On 16 Dec 2019
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Manufacturers “grind to a standstill” in face of economic and political storm

Britain’s manufacturers have ended the year “at a standstill” as the toll of ongoing political uncertainty coupled with the downturn in major global markets shows little sign of ending anytime soon. That’s according to a major survey conducted by business...
Posted On 04 Dec 2019
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HMRC aims to recover £612 million in underpaid tax relating to R&D tax reliefs

According to accountancy and business advisory firm BDO LLP, Her Majesty’s Revenue and Customs (HMRC) has estimated that businesses have incorrectly claimed £612 million in relation to R&D tax reliefs*. The high level of tax under dispute – described by HMRC as ‘tax...
Posted On 08 Nov 2019
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“Fraud in charities sector hits ten-year high” reports BDO Fraud Track analysis

The cost of fraud to the charities sector hit a ten-year high last year, according to analysis undertaken by accountancy and business advisory firm BDO. Reported fraud within charities soared by £11 m to £20 million in 2018 – an increase of more than 120% and the highest reported...
Posted On 25 Oct 2019
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Reputation and brand damage top current risk agenda for global business leaders

More than three-quarters of global business leaders believe their organisation is being influenced by ‘hype cycles’. That’s according to the latest Global Risk Landscape Report published by accountancy and advisory firm BDO LLP. The survey of 500 global C-Suite...
Posted On 26 Jun 2019
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Potential for “brain drain from UK economy” if concerted effort not made to attract skilled talent post-Brexit

No less than 41,510 Board-level directors of UK businesses are citizens of EU27 countries – over 6% of the total of more than 628,000 directors identifiable by nationality. BDO LLP suggests that the figures unearthed by its study “raise questions” over the potential...
Posted On 23 Apr 2019
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Whistle-blower reports submitted to FCA rise by 24% in 13 months to hit 1,755 mark

BDO LLP states that the total number of whistle-blower reports to the Financial Conduct Authority (FCA) has risen by 24% in the last year to attain an overall figure of 1,755 for the year ending 31 December 2018. That’s up from 1,420 in 2017. There was a 105% increase in...
Posted On 04 Mar 2019
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BDO FraudTrack Report: “Value of fraud more than halves in 2018 from record 15-year high”

In-depth research conducted as part of BDO LLP’s annual FraudTrack Report has found that the total value of fraud in the UK more than halved in 2018 following a record 15-year high in 2017. That value has decreased from £2.1 billion to £746.3 million. The specialist business...
Posted On 28 Feb 2019
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Business advisory firm BDO LLP completes merger deal with Moore Stephens LLP

BDO LLP has now completed its merger with Moore Stephens LLP, in turn creating the largest UK accountancy and business advisory firm focused on mid-sized, entrepreneurially-spirited businesses. The merged firm will operate under the BDO brand and as part of BDO’s international...
Posted On 04 Feb 2019
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