Five things CAs need to know this week: 17 October 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Scottish independence referendum bill to be published
First Minister of Scotland Nicola Sturgeon has announced that legislation will be published this week that would allow a second Scottish independence referendum to take place before Brexit.
The announcement was made last week at the SNP conference in Glasgow, with the First Minister sending a direct message to the Prime Minister by telling her not to “think for a second that I’m not serious.”
Although the proposed legislation would call for an independence vote to take place, Sturgeon said she could not guarantee that the vote would actually take place.
Opposition parties came out to say that the speech showed Sturgeon’s priority was “to divide our nation once again”.
2. Brexit challenge continues
The challenge over the legality of Brexit continues this week. The hearing at the High Court in London sees British citizens claiming that the Government does not have the power to trigger Article 50 of the Lisbon treaty without the approval of parliament.
Last week a barrister representing London businesswoman Gina Miller, who is leading a group challenging the Prime Minister's right to trigger Article 50, said that Theresa May had no legal power to start Brexit.
3. Figures may give indication of Brexit effect
A collection of numbers released could provide a clearer indication of the effect the Brexit vote has had on the UK economy and jobs market.
The figures are expected to show rising inflation as a result of the fall in the value of the pound. Inflation could rise to around 8%, which would take the figure to its highest level since 2011. This rise would be a result of an increase on the cost of raw materials, which is a side effect of a weak pound.
Wednesday's employment figures could show that, although the rate of employment dipped slightly over the past four months, wages are on the rise, putting a squeeze on the bottom line of businesses.
4. US presidential candidates face off for the last time
The third and final US presidential debate before November's election will take place on Wednesday.
Following the revelations of comments made in 2005 by Republican nominee Donald Trump, and with many polls showing Democratic nominee Hillary Clinton leading over her rival, both candidates will attempt to secure as many votes as they can at the event.
The final debate is expected to focus on immigration, the Supreme Court and the US economy.
5. Results from ASOS, Lombard Risk Management, Bellway
- Monday: Finals due from Avacta Group and Tristel.
- Tuesday: Finals due from ASOS, Bellway, Connect Group and dotDigital Group.
- Wednesday: Interims due from U and I Group. Finals due from Softcat
- Thursday: Interims due from Lombard Risk Management .
- Friday: Interims due from Kcell, Acacia Mining and Schlumberger.