Industry participants critique draconian UK tax system accountancyage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountancyage.com Daily Mail and Mail on Sunday newspapers.
| UPDATED: 18:45, Tue, Feb 2, 2021
Link copied Make the most of your money by signing up to our newsletter for FREE now
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters.
Sometimes they ll include recommendations for other related newsletters or services we offer.
Our Privacy Notice explains more about how we use your data, and your rights.
You can unsubscribe at any time.
The UK is headed towards a double-dip recession according to reports as the impact of the pandemic and lockdown measures takes its toll. The Department of Health unveiled figures last week that showed cases had dropped by two thirds in the UK since the first week of January, but the economy continues to suffer. The services sector – accounting for 80 percent of the economy – has seen its activity drop from 49.4 in December to 38.8 in January, as highlighted by the IHS Markit/Cips purchasing managers index. Anything below 50 percent in