As President Trump pursues his tariff offensive and trade discussions continue around the world, financial reporting specialist Adam Deller looks at the implications of the uncertainty for preparers looking to finalise their financial statements. ACCA has also made insights and resources available via its tariff web pages.
Following the decisions allowing Heathrow and Gatwick to increase runway capacity, the FD of Stansted discusses the Essex airport’s plans to lengthen its runway and redevelop its terminal building. In our main interview, Matt Dolphin FCCA explains how increasing passenger numbers to 43 million a year is being fuelled by the decision by Ryanair and other short-haul carriers to invest in larger aircraft. Read about how the deployment of technology to make passenger flow through the airport more efficient plays an integral part of the expansion plans for one of the fastest-growing airports in the UK.
In other tech news, a Thomson-Reuters report about the use of generative artificial intelligence (GenAI) by professionals reveals that specialised tools are being baked into workflows, and a vast majority of respondents expect the technology to be a central part of their daily work within the next five years. Find out how GenAI is being applied by different sectors within the finance profession in particular.
This month also saw the launch of ACCA’s flagship report Global Talent Trends 2025. This comprehensive research has found that members, particularly younger generations, are increasingly seeing their accountancy qualification as a springboard to starting their own business. Entrepreneurialism – or at least aspirations in that direction – is on the rise among our membership, alongside concerns about the cost of living and salaries, AI skills, and workplace wellbeing. Find out more.
And finally, as the football season draws to a close in the UK, we turn our attention to Fifa’s Club World Cup in the US this summer. Controversy and consternation are growing as Fifa struggles to secure tax concessions for the teams participating in the tournament, with the clubs liable to pay multimillion-dollar bills to US tax authorities on top of tax payable in their home countries. We look at how, with the majority of the 32 participants based outside the US, the absence of tax relief could significantly diminish the tournament’s financial attractions.
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