Five things CAs need to know this week: 8 April 2019

CA Today Brisbane
By Eleanor O'Neill, CA Today

8 April 2019

A look ahead to some of the things happening in business, accountancy and politics this week.

1. EU27 leaders to discuss Brexit deadline

The European Council is due to meet on Wednesday 10 April to discuss the latest Brexit developments.

Although the deadline for the UK's exit from the EU was extended to 12 April last month, Theresa May has requested a further postponement to 30 June. Meanwhile, European Council President Donald Tusk has proposed a 12-month flexible period that will keep the UK in the EU for another year.

This possible solution allows for an immediate exit should a deal be agreed within the 12-month period. EU leaders would have to agree to this 'flextension' at Wednesday's meeting.

[BBC News]

2. Risk, tax and debt to take spotlight at annual IMF / WBG meeting

The Spring Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) are due to take place in Washington DC this week.

German Finance Minister Olaf Scholz is expected to urge other financial leaders of the G20 to increase debt transparency and work together for an international minimum standard of corporation tax.

Trade disputes and political risk will also be a key topic against the backdrop of Brexit and the US-China sanctions.


3. Data released on workplace pensions in the UK

The Office for National Statistics (ONS) will release a report on workplace pension participation and performance in 2018. It will also review the previously released provisional figures for 2017.

The last annual report revealed that employee workplace pension scheme membership had increased from 67% to 73% in 2017. In particular, the 22-29 age group saw significantly higher participation.


4. Online Harms White Paper due for publication

The Department for Digital, Culture, Media and Sport (DCMS) is due to release a White Paper this week addressing plans for the regulation of social media and other online platforms.

A government spokesperson said: "We will shortly publish a White Paper which will set out the responsibilities of online platforms, how these responsibilities should be met and what would happen if they are not.

"We have heard calls for an internet regulator and to place a statutory 'duty of care' on platforms, and have seriously considered all options."

[The Independent]

5. Results due from Tesco, ASOS, WH Smith, Anexo Group

  • Tuesday: Interim due from Nanoco Group PLC. Finals due from Anexo Group Plc, City Pub Group, Destiny Pharma, Luceco Plc, One Media IP Group and The Mission Marketing Group.
  • Wednesday: Interims due from ASOS Plc and McCarthy Stone Plc. Finals due from Central Asia Metals, Epwin Group, Ergomed Plc, Futura Medical, Petards Group, RA International Group Plc, Tesco PLC, Warpaint London Plc and Walker Greenbank.
  • Thursday: Interim due from WH Smith PLC. Finals due from Corero Network Security, hVIVO Plc and Trackwise Designs PLC.

[This is Money]


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