Five things CAs need to know this week: 10 July 2017
A look ahead to some of the things happening in business, accountancy and politics this week.
1. EU law 'Repeal Bill' to be presented to Parliament
Prime Minister Theresa May's spokesman has confirmed that the bill to begin the process of transferring EU legislation into British law is expected to be tabled in Westminster this week.
The action, commonly referred to as the 'Repeal Bill', will withdraw Britain from the 1972 European Communities Act and bring all EU-related legislation currently active in the country under the control of the UK Parliament. Laws ma also be altered to ensure validity post-Brexit.
After more than 40 years of membership, the separation of British and EU law will not be an easy process and will likely take several years. ICAS released an analysis of the Government's white paper on the bill earlier this year.
2. Australian PM Malcolm Turnbull to visit UK
Australian Prime Minister Malcolm Turnbull will land in the UK today (Monday 10 July) to meet with Theresa May following last week's G20 Summit in Germany.
He is also due to have an audience with the Queen and be presented with the Policy Exchange Disraeli Prize by Home Secretary Amber Rudd.
The visit is part of an extended European trip, during which Mr Turnbull has also held talks with new French President Emmanuel Macron.
3. Review of employment practices due for publication
The Taylor Review, a government-backed analysis of modern employment practices, will be released this week.
The analysis has been led by Matthew Taylor, former advisor to Tony Blair, and is expected to touch on the definition of an 'employee' in employment laws, rights for the self-employed and new possible regulations for zero-hour contracts.
In a statement last year, Mr Taylor said: "As well as making specific recommendations I hope the review will promote a national conversation and explore how we can all contribute to work that provides opportunity, fairness and dignity."
4. Public briefing on tax and spending challenges
The Institute for Fiscal Studies and Institute for Government will host a briefing on tax and spend in the UK on Wednesday 12 July.
The briefing will explore the state of public finances in the UK and assess the options open to Theresa May's new Government.
5. Results due from Bankers Investment Trust, Begbies Traynor, Dart Group, Micro Focus International
- Monday: Finals due from Falanx Group.
- Tuesday: Interims due from Amino Technologies and Low & Bonar. Finals due from Begbies Traynor Group, Collagen Solutions, Ilika, Polar Capital Technology Trust.
- Wednesday: Interim due from Bankers' Investment Trust. Finals due from Micro Focus International.
- Thursday: Finals due from AdEPT Telecom and Dart Group.