Five things CAs need to know this week: 11 February 2019
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Nominations are now open for the ICAS Top Young CAs 2019
ICAS is now accepting nominations for the 2019 Top Young CAs and One Young CA competition.
CAs and soon to qualify CA students aged 35 and under may enter or be nominated as candidates for recognition as one of 100 rising stars in the profession. A secondary judging process will then determine the identity of the ICAS One Young CA 2019.
ICAS Chief Executive Bruce Cartwright CA said: "As we look ahead to the future of ICAS and examine how we can continue to best serve our members in a time of great change, up-and-coming Young CAs can stand out more than ever as a key part of what makes the CA qualification and our organisation unique."
2. UK Parliament verdict due on amended Brexit deal
Should Prime Minister Theresa May fail to present a new Brexit deal for 'meaningful vote' by Wednesday 13 February, the UK parliament will begin a new Brexit debate on Thursday.
This debate will allow MPs to propose changes to the Brexit process, including the provision of a legal route for parliament to block, renegotiate or delay the UK's exit from the EU.
The Prime Minister is currently seeking amendments to the Withdrawal Agreement secured with Brussels earlier this year following the rejection by a record majority of MPs on 15 January.
3. Institute for Government and Institute for Fiscal Studies to predict Spring Statement priorities
A briefing from the Institute for Government (IfG) and Institute for Fiscal Studies (IFS) on key issues surrounding the 2019 Spring Statement and spending Review will take place in London on Monday 11 February.
Carl Emmerson, IFS Deputy Director, and Gemma Tetlow, IfG Chief Economist, will address the ongoing and predicted impact of announcements made in the 2018 Budget. With commitments made to the NHS and increased personal allowances, plans of how to fund these promises are up for debate.
2019 marks nine years of austerity measures in the UK and fiscal policy still remains an uncertainty with Brexit on the horizon, despite Chancellor Philip Hammond's statement that the era is coming to an end.
4. Potential fourth government shutdown of Trump's presidency looms
The temporary spending budget agreed by the US government to end a five-week partial shutdown expires on Friday 15 March.
President Trump has stated he is sceptical of a long-term solution being decided before that deadline and has indicated his intention to declare a national emergency should a new funding plan not meet approval.
The key issue causing a gridlock is the proposed budget for construction of a wall on the US-Mexico border, a measure strongly opposed by the Democratic Party.
5. Results due from RBS, Coca-Cola, Dunelm Group, Moneysupermarket.com
- Monday: Finals due from Acacia Mining Plc and Polyus.
- Tuesday: Interim due from A & J Mucklow Group PLC.
- Wednesday: Interims due from Dunelm Group PLC, Galliford Try PLC and Oncimmune Holdings Plc. Finals due from Smurfit Kappa Group PLC and Tullow Oil PLC.
- Thursday: Interims due from Ashmore Group PLC, M J Gleeson Group PLC, Grit Real Estate Income Group Limited, Safestore Holdings PLC and UK Commercial Property Trust. Finals due from AstraZeneca PLC, Coca-Cola HBC, ConvaTec Group Plc, Indivior Plc, Lancashire Holdings Ltd, Micro Focus International PLC and Moneysupermarket.com Group PLC.
- Friday: Finals due from Millennium & Copthorne Hotels PLC, The Royal Bank of Scotland Group PLC and Segro.