Five things CAs need to know this week: 12 September 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Bank of England holding monetary policy meeting
The Bank of England holds a monetary policy meeting on Thursday as more economic numbers are posted in the wake of the EU referendum result.
Official figures, including inflation on Tuesday, unemployment on Wednesday and retail sales on Thursday, will likely influence any decision-making.
August's post-Brexit stimulus package involved cutting interest rates to a record low of 0.25%, restarting asset purchases and easing lending by giving cheap loans to banks.
The Bank is expected to leave policy unchanged this month but cut rates again later this year.
2. ICAS to host Britain Beyond Brexit events
In the first of a new series of ICAS Insight Breakfasts, a panel of experts in London and Edinburgh will on Thursday look at the implications of Brexit for CAs.
The London event will be held at Deloitte, with speakers Janet Henry, Global Chief Economist at HSBC, Iain Anderson, Chairman of Cicero Group, and Mike McKeon CA, non-executive Director of the National Express Group.
At CA House in Edinburgh, speakers will include Sir Brian Souter CA, Chairman of Stagecoach, Michael Moore CA, Senior Advisor at PwC, and Charles Livingstone, Partner at Brodies'.
3. US Congress expected to vote on impeaching IRS chief
Conservatives have pushed for John Koskinen's removal since last year, claiming he has impeded their investigation of how the IRS treated tea party groups before his tenure.
The House will vote as early as this week on whether to impeach the IRS chief, a move which would be tantamount to formally charging him with a crime.
The impeachment drive has prompted little enthusiasm among GOP leaders and is solidly opposed by Democrats.
4. Post Office staff to have 24-hour strike
The Communication Workers Union (CWU) warned the 24-hour strike on 15 September could be followed by more industrial action.
Post Office workers are protesting branch closures, job losses and pensions.
It has been claimed that contingency plans will minimise disruption to services during the strike.
5. Results from Next, JD Sports Fashion, Central Asia Metals, Dunelm Group
- Monday: Interims due from Brady Plc, Central Asia Metals, EKF Diagnostics Holdings, John Laing Infrastructure Fund, M.P. Evans Group and Mytrah Energy. Finals due from Abcam and Green Reit.
- Tuesday: Interims due from Attrakt Group, Corero Network Security, Escher Group, Futura Medical, Goals Soccer Centres, Hilton Food Group, JD Sports Fashion, NetPlay TV, Safecharge International Group and Verona Pharma. Final due from Kalibrate Technologies.
- Wednesday: Interims due from Accesso Technology Group, Advanced Medical Solutions Group, Alliance Pharma, Cambian Group, Martinco and Quixant. Finals due from Dunelm Group, Empric Student Property, Town Centre Securities and Wilmington Group.
- Thursday: Interims due from Be Heard, Next and Premier Farnell.
- Friday: Interim due from Mereo Biopharma Group.