News & Insights

As the 2026 Spring Forecast Statement on 3 March draws closer, business leaders, CEOs and campaign groups across the UK have lobbied Chancellor Rachel Reeves to make changes to tax policy and address some of the key issues affecting firms. Here, we round up the latest Spring Forecast Statement speculation ahead of the big day.

Consolidation remains one of the most common areas of weakness in group audit file reviews. Often seen as a simple mechanical process, the consolidation is a core part of the group audit and often results in documentation gaps, missed eliminations and ethical risks. In this blog, we highlight the key issues we see and how firms can strengthen their approach.

Ahead of Chancellor Rachel Reeves’ Spring Forecast Statement on 3 March, business groups, including the Confederation of British Industry (CBI) and the Federation of Small Businesses (FSB), have outlined their top priorities for UK firms, the economy and for combatting the cost-of-living crisis.

Welcome to our January Newswire.
With the end of tax season fast approaching, the 31 January deadline will signal the close of one of the busiest periods in the professional calendar.

HMRC have published guidance on what to do to disincorporate a company.

At Mercia, we watched the Autumn Budget with great interest, despite the OBR blunder that led to the details being widely leaked before the Chancellor had a chance to address Parliament.