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Unemployment rate falls to 4%

The rate of unemployment in the UK fell to 4% from May to July 2018, to its lowest level since the mid-1970s.

Data from the Office for National Statistics shows the number of unemployed people in the UK fell to 1.36 million - 95,000 fewer than a year earlier and the lowest rate since December 1974 to February 1975.

Meanwhile, the rate of employment fell slightly by 0.1%, but remained high at 75.5%.

The figures also showed there were 833,000 job vacancies in June to August 2018. This was 44,000 more than the same time in 2017, and the highest level since 2001.

Suren Thiru, head of economics at the British Chambers of Commerce, said the number of vacancies was at an "alarmingly high level", and that it was "further evidence of persistent skills shortages".

The Institute of Directors (IoD) also commented on the "heated competition" businesses are facing to recruit for the right skills.

Tej Parikh, senior economist at the IoD, said:

"In these circumstances, we would normally expect significant increases to salaries as firms attempt to attract the talent they need, but high costs and subdued productivity growth have impeded this.

"With the Autumn Budget on the horizon, the chancellor must look to provide support for business costs while incentivising investment."

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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

*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.