Britain is ‘weary’ of austerity, so global and EU trade links must be developed around finance and tech services to boost the economy, according to Chancellor Phillip Hammond, who warned against further borrowing and taxation

Parliament will sit for double its usual length of time, to enable it to process the bills and legislation relating to Brexit, the government has confirmed

As Brexit talks start, Jaimie Kaffash gauges the views of accountants and tax advisers about the challenges ahead and implications for business in terms of tax rates, export and import tariffs and general confidence

The Queen’s Speech, outlining the government’s legislative plans for the new session of Parliament, will take place next Wednesday, and will provide the first indication of whether the previously proposed controversial changes to the tax regime will go ahead as planned

Stephen Barclay, a former head of anti money laundering operations at Barclays retail bank and a previous member of the public accounts committee (PAC), has been named as economic secretary to the Treasury

In the days after the election and resulting hung parliament, tax issues will hardly be top of the agenda for the government, which will stoke uncertainty for tax advisers facing the impending introduction of Making Tax Digital and a raft of tax measures from loss relief to interest deduction only in draft form. Dawn Register, tax dispute resolution partner at BDO calls for swift action to create tax clarity for business

ICAEW harbours 'considerable' doubts over the viability of the current Making Tax Digital timetable following the disruption of the general election, the institute has told CCH Daily

Plans to start quarterly reporting under Making Tax Digital could come up against stiff opposition under the new Conservative minority government, as the reshuffle sees top jobs at the Treasury changing hands and a hollowing out of expertise on the intricacies of HMRC's tax digitisation plans, reports Sara White

Mel Stride, Conservative MP for central Devon, has been named as financial secretary to the Treasury, succeeding Jane Ellison who lost her seat at the recent general election

The post-election cabinet reshuffle has seen former justice secretary and CIMA member Liz Truss appointed chief secretary to the Treasury, after previous incumbent David Gauke was promoted to secretary of state for work and pensions

Out of the 650 MPs elected on 8 June as part of the general election, 20 of the successful candidates (3%) have an accounting background, with 51 accountants running in the election overall

The Serious Fraud Office’s (SFO) future could be protected after the Conservatives failed to secure a majority in the general election