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UK growth to remain ‘steady but sluggish’

The UK economy is expected to grow steadily, but at a subdued rate in 2018.

According to the latest forecast by the Confederation of British Industry (CBI), GDP will grow 1.5% next year, and by 1.3% in 2019.

Quarterly GDP growth is predicted to remain at 0.3% until the end of 2019. This is almost half the average growth rate since 2013.

Squeezed household incomes are expected to reduce spending, while uncertainty surrounding Brexit will impact on business investment.

However, the forecast also suggests that strong growth in the global economy, combined with a lower pound, will provide exporting opportunities for businesses.

The government's recently announced Industrial Strategy will also aim to address productivity and growth issues in the UK.

Rain Newton-Smith, chief economist at the CBI, said:

"It is already clear Brexit is affecting business investment plans, and companies are having to prepare for a ‘no-deal' scenario.

"Therefore, it is vital progress is made in negotiations with Brussels, particularly in providing more clarity around transitional arrangements, so we can start to shape our new relationship with the EU."

Contact us to discuss your business.

Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.