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<br /> The inancial crisis We<br /> mark 10 years since the<br /> crash and explore the<br /> major lessons learned<br /> Brexit It's emotional, it's<br /> political and it's technical.<br /> What you need to know<br /> about leaving the EU<br /> Age matters How higher<br /> levels of employment<br /> among the over-50s<br /> benefit the economy<br /> Making Tax Digital<br /> What we know so<br /> far about HMRC's<br /> revolutionary campaign<br /> MAY 2017 ICAEW.COM/ECONOMIA<br /> ICAEW.COM/ECONOMIA<br /> Move<br /> any<br /> mountain<br /> Abdul Wahid Omar's dream was<br /> to be a CFO. Now group chairman<br /> of Permodalan Nasional Berhad,<br /> he tells economia how he achieved<br /> that goal and so much more<br /> 42% of millennials limit their<br /> mobile transactions because of<br /> security concerns.<br /> Turn cautious shoppers<br /> into confident customers.<br /> BUSINESS CENTRE<br /> Michae<a title="Economia MAY 17 page 1" href="http://viewer.zmags.com/publication/140862a7?page=1"> The inancial crisis We mark 10 years since the </a> <a title="Economia MAY 17 page 2" href="http://viewer.zmags.com/publication/140862a7?page=2"> 42% of millennials limit their mobile transa</a> <a title="Economia MAY 17 page 3" href="http://viewer.zmags.com/publication/140862a7?page=3"> BUSINESS CENTRE Michael Izza opened ICAEW's new B</a> <a title="Economia MAY 17 page 4" href="http://viewer.zmags.com/publication/140862a7?page=4"> 08 THE AUDIT 08 In case you missed it We look at</a> <a title="Economia MAY 17 page 5" href="http://viewer.zmags.com/publication/140862a7?page=5"> CONTENTS 32 FEATURES 32 Migrant labour As immig</a> <a title="Economia MAY 17 page 6" href="http://viewer.zmags.com/publication/140862a7?page=6"> EYEBROW economia is publishe</a> <a title="Economia MAY 17 page 7" href="http://viewer.zmags.com/publication/140862a7?page=7"> </a> <a title="Economia MAY 17 page 8" href="http://viewer.zmags.com/publication/140862a7?page=8"> Take a dip The economia team looks at the more un</a> <a title="Economia MAY 17 page 9" href="http://viewer.zmags.com/publication/140862a7?page=9"> Form in a tea cup Dr Quan Vuong works at the Univ</a> <a title="Economia MAY 17 page 10" href="http://viewer.zmags.com/publication/140862a7?page=10"> Debate: NICK PERKS, trust secretary at Joseph Ro</a> <a title="Economia MAY 17 page 11" href="http://viewer.zmags.com/publication/140862a7?page=11"> JOHN HEWSON, economist and former federal leader </a> <a title="Economia MAY 17 page 12" href="http://viewer.zmags.com/publication/140862a7?page=12"> Confused around your international payments? </a> <a title="Economia MAY 17 page 13" href="http://viewer.zmags.com/publication/140862a7?page=13"> Bobby Lane, partner, Shelley Stock Hutter, head o</a> <a title="Economia MAY 17 page 14" href="http://viewer.zmags.com/publication/140862a7?page=14"> THE AUDIT economia reviews... </a> <a title="Economia MAY 17 page 15" href="http://viewer.zmags.com/publication/140862a7?page=15"> IN BUSINESS, ATTENTION TO DETAIL IS EVE</a> <a title="Economia MAY 17 page 16" href="http://viewer.zmags.com/publication/140862a7?page=16"> EYEBROW </a> <a title="Economia MAY 17 page 17" href="http://viewer.zmags.com/publication/140862a7?page=17"> THE AUDIT I really wanted a caree</a> <a title="Economia MAY 17 page 18" href="http://viewer.zmags.com/publication/140862a7?page=18"> 2016 in numbers ICAEW enjoyed another busy year, </a> <a title="Economia MAY 17 page 19" href="http://viewer.zmags.com/publication/140862a7?page=19"> ANNUAL REVIEW 2016 </a> <a title="Economia MAY 17 page 20" href="http://viewer.zmags.com/publication/140862a7?page=20"> MIX BUSINESS WITH PLEASURE M{ZD{6 </a> <a title="Economia MAY 17 page 21" href="http://viewer.zmags.com/publication/140862a7?page=21"> ICAEW president Hilary Lindsay explains the think</a> <a title="Economia MAY 17 page 22" href="http://viewer.zmags.com/publication/140862a7?page=22"> There is now another way to do International Paym</a> <a title="Economia MAY 17 page 23" href="http://viewer.zmags.com/publication/140862a7?page=23"> American Express International Payments One worl</a> <a title="Economia MAY 17 page 24" href="http://viewer.zmags.com/publication/140862a7?page=24"> OPINION Michael Izza Article 50 has been tri</a> <a title="Economia MAY 17 page 25" href="http://viewer.zmags.com/publication/140862a7?page=25"> SPONSORED FEATURE </a> <a title="Economia MAY 17 page 26" href="http://viewer.zmags.com/publication/140862a7?page=26"> From the Institute this month: a critique of the </a> <a title="Economia MAY 17 page 27" href="http://viewer.zmags.com/publication/140862a7?page=27"> SPONSORED FEATURE How Microsoft i</a> <a title="Economia MAY 17 page 28" href="http://viewer.zmags.com/publication/140862a7?page=28"> THE DYNAMICS 365 BUSINESS EDITION is the latest i</a> <a title="Economia MAY 17 page 29" href="http://viewer.zmags.com/publication/140862a7?page=29"> SPONSORED FEATURE m</a> <a title="Economia MAY 17 page 30" href="http://viewer.zmags.com/publication/140862a7?page=30"> to provide these services to their customer base.</a> <a title="Economia MAY 17 page 31" href="http://viewer.zmags.com/publication/140862a7?page=31"> Citizen's income A Universal Basic Income (Michae</a> <a title="Economia MAY 17 page 32" href="http://viewer.zmags.com/publication/140862a7?page=32"> T he Great Repeal Bill is the </a> <a title="Economia MAY 17 page 33" href="http://viewer.zmags.com/publication/140862a7?page=33"> Jo Owen It might be tough at the top and hard on </a> <a title="Economia MAY 17 page 34" href="http://viewer.zmags.com/publication/140862a7?page=34"> Letter from Dubai Gavin Aspden weighs up the chal</a> <a title="Economia MAY 17 page 35" href="http://viewer.zmags.com/publication/140862a7?page=35"> £199 PER MONTH </a> <a title="Economia MAY 17 page 36" href="http://viewer.zmags.com/publication/140862a7?page=36"> OPEN FOR BUSINESS 32 </a> <a title="Economia MAY 17 page 37" href="http://viewer.zmags.com/publication/140862a7?page=37"> Private sector companies can benefit from migrat</a> <a title="Economia MAY 17 page 38" href="http://viewer.zmags.com/publication/140862a7?page=38"> has both run and worked with businesses employing</a> <a title="Economia MAY 17 page 39" href="http://viewer.zmags.com/publication/140862a7?page=39"> the UK, foreign talent is becoming more choosy ab</a> <a title="Economia MAY 17 page 40" href="http://viewer.zmags.com/publication/140862a7?page=40"> Life is what you make it WORDS BY AMY DUFF. PHOTO</a> <a title="Economia MAY 17 page 41" href="http://viewer.zmags.com/publication/140862a7?page=41"> ABDUL WAHID OMAR PHOTOGRAPHY BY JOE BLOGGS I </a> <a title="Economia MAY 17 page 42" href="http://viewer.zmags.com/publication/140862a7?page=42"> accountancy training was the stepping stone he ne</a> <a title="Economia MAY 17 page 43" href="http://viewer.zmags.com/publication/140862a7?page=43"> position of the group and within two and a half y</a> <a title="Economia MAY 17 page 44" href="http://viewer.zmags.com/publication/140862a7?page=44"> ABDUL WAHID OMAR </a> <a title="Economia MAY 17 page 45" href="http://viewer.zmags.com/publication/140862a7?page=45"> Why you must plan to deal with the effects of a f</a> <a title="Economia MAY 17 page 46" href="http://viewer.zmags.com/publication/140862a7?page=46"> LIVI Ten years on from the</a> <a title="Economia MAY 17 page 47" href="http://viewer.zmags.com/publication/140862a7?page=47"> LE risk,” says Geraint Johnes,</a> <a title="Economia MAY 17 page 48" href="http://viewer.zmags.com/publication/140862a7?page=48"> 44 those three forces, and you could say that </a> <a title="Economia MAY 17 page 49" href="http://viewer.zmags.com/publication/140862a7?page=49"> REX SHUTTERSTOCK, GETTY IMAGES, REUTERS says. “B</a> <a title="Economia MAY 17 page 50" href="http://viewer.zmags.com/publication/140862a7?page=50"> EYEBROW Fintech-powered alternative finance:</a> <a title="Economia MAY 17 page 51" href="http://viewer.zmags.com/publication/140862a7?page=51"> Spotcap partner case studies Managers at BDO Cor</a> <a title="Economia MAY 17 page 52" href="http://viewer.zmags.com/publication/140862a7?page=52"> The business of Brexit There's plenty for profes</a> <a title="Economia MAY 17 page 53" href="http://viewer.zmags.com/publication/140862a7?page=53"> Last year's referendum increased uncertainty in t</a> <a title="Economia MAY 17 page 54" href="http://viewer.zmags.com/publication/140862a7?page=54"> “Do you think the result of the referendum will b</a> <a title="Economia MAY 17 page 55" href="http://viewer.zmags.com/publication/140862a7?page=55"> here, meaning each company will have a different </a> <a title="Economia MAY 17 page 56" href="http://viewer.zmags.com/publication/140862a7?page=56"> All-New Renault MEGANE Feel the drive </a> <a title="Economia MAY 17 page 57" href="http://viewer.zmags.com/publication/140862a7?page=57"> A DAY IN THE LIFE Monday Tuesday </a> <a title="Economia MAY 17 page 58" href="http://viewer.zmags.com/publication/140862a7?page=58"> Alison Berry has had many finance roles since qua</a> <a title="Economia MAY 17 page 59" href="http://viewer.zmags.com/publication/140862a7?page=59"> ECONOMIA MAY 2017 A DAY IN THE LIFE </a> <a title="Economia MAY 17 page 60" href="http://viewer.zmags.com/publication/140862a7?page=60"> A DAY IN THE LIFE </a> <a title="Economia MAY 17 page 61" href="http://viewer.zmags.com/publication/140862a7?page=61"> Why accountants shouldn't fear the rise of the ma</a> <a title="Economia MAY 17 page 62" href="http://viewer.zmags.com/publication/140862a7?page=62"> 58 MANAGING THE MONEY Times are challenging f</a> <a title="Economia MAY 17 page 63" href="http://viewer.zmags.com/publication/140862a7?page=63"> WEALTH MANAGEMENT L ow interest rates</a> <a title="Economia MAY 17 page 64" href="http://viewer.zmags.com/publication/140862a7?page=64"> Practice 2017 Conference and Expo 16–17 November </a> <a title="Economia MAY 17 page 65" href="http://viewer.zmags.com/publication/140862a7?page=65"> the most suitable types of investment are likely </a> <a title="Economia MAY 17 page 66" href="http://viewer.zmags.com/publication/140862a7?page=66"> WEALTH MANAGEMENT “AN ASSET BASE IN RETIREME</a> <a title="Economia MAY 17 page 67" href="http://viewer.zmags.com/publication/140862a7?page=67"> New economia Personal Investing hub in associatio</a> <a title="Economia MAY 17 page 68" href="http://viewer.zmags.com/publication/140862a7?page=68"> Act your age </a> <a title="Economia MAY 17 page 69" href="http://viewer.zmags.com/publication/140862a7?page=69"> The population is ageing, and the trend will cont</a> <a title="Economia MAY 17 page 70" href="http://viewer.zmags.com/publication/140862a7?page=70"> EMPLOYERS DOING MORE TO HELP OLDER WORKERS “Older</a> <a title="Economia MAY 17 page 71" href="http://viewer.zmags.com/publication/140862a7?page=71"> training and development opportuni- ties. This is</a> <a title="Economia MAY 17 page 72" href="http://viewer.zmags.com/publication/140862a7?page=72"> In this section ADJUST YOUR RANGE Why firms need m</a> <a title="Economia MAY 17 page 73" href="http://viewer.zmags.com/publication/140862a7?page=73"> C hartered accountant Carl Reader i</a> <a title="Economia MAY 17 page 74" href="http://viewer.zmags.com/publication/140862a7?page=74"> EYEBROW has granted 255 licences for firms si</a> <a title="Economia MAY 17 page 75" href="http://viewer.zmags.com/publication/140862a7?page=75"> to an audit partner for more generic business adv</a> <a title="Economia MAY 17 page 76" href="http://viewer.zmags.com/publication/140862a7?page=76"> Renewed focus needed on collecting and protecting</a> <a title="Economia MAY 17 page 77" href="http://viewer.zmags.com/publication/140862a7?page=77"> Career ladder Gail Kelly How did one of finance's</a> <a title="Economia MAY 17 page 78" href="http://viewer.zmags.com/publication/140862a7?page=78"> S ince moving to Melbourne 14 years a</a> <a title="Economia MAY 17 page 79" href="http://viewer.zmags.com/publication/140862a7?page=79"> freeze on recruitment. It was one of those waters</a> <a title="Economia MAY 17 page 80" href="http://viewer.zmags.com/publication/140862a7?page=80"> Letter of the law New regulations introduce a cri</a> <a title="Economia MAY 17 page 81" href="http://viewer.zmags.com/publication/140862a7?page=81"> ILLUSTRATION BY PHIL HACKETT WHAT YOU NEED TO KN</a> <a title="Economia MAY 17 page 82" href="http://viewer.zmags.com/publication/140862a7?page=82"> A digital revelation The speed at which HMRC inte</a> <a title="Economia MAY 17 page 83" href="http://viewer.zmags.com/publication/140862a7?page=83"> “Exempting firms below a £10,000 threshold is of </a> <a title="Economia MAY 17 page 84" href="http://viewer.zmags.com/publication/140862a7?page=84"> Transitional phase to implementation period In th</a> <a title="Economia MAY 17 page 85" href="http://viewer.zmags.com/publication/140862a7?page=85"> TECHNICAL: BEST PRACTICE now.” The other are</a> <a title="Economia MAY 17 page 86" href="http://viewer.zmags.com/publication/140862a7?page=86"> Technical key developments Our at-a-glance guide </a> <a title="Economia MAY 17 page 87" href="http://viewer.zmags.com/publication/140862a7?page=87"> REGISTER OF FOREIGN-OWNED PROPERTY PROPOSED The g</a> <a title="Economia MAY 17 page 88" href="http://viewer.zmags.com/publication/140862a7?page=88"> that they know how best to support their staff at</a> <a title="Economia MAY 17 page 89" href="http://viewer.zmags.com/publication/140862a7?page=89"> to comment on any CRR intervention in a subsequen</a> <a title="Economia MAY 17 page 90" href="http://viewer.zmags.com/publication/140862a7?page=90"> BUILD FOR THE FUTURE BY BRINGING YOUR PENSIONS TO</a> <a title="Economia MAY 17 page 91" href="http://viewer.zmags.com/publication/140862a7?page=91"> Life this month: © 1963 HARVEY BALL Happy </a> <a title="Economia MAY 17 page 92" href="http://viewer.zmags.com/publication/140862a7?page=92"> Life happiness Don't worry, be happy Even mo</a> <a title="Economia MAY 17 page 93" href="http://viewer.zmags.com/publication/140862a7?page=93"> DO SOMETHING NEW Never seen Star Wars? Still have</a> <a title="Economia MAY 17 page 94" href="http://viewer.zmags.com/publication/140862a7?page=94"> GO STARGAZING Few things put life so firmly in pe</a> <a title="Economia MAY 17 page 95" href="http://viewer.zmags.com/publication/140862a7?page=95"> DO YOUR BIT One oft-stated observation that turns</a> <a title="Economia MAY 17 page 96" href="http://viewer.zmags.com/publication/140862a7?page=96"> Life in review DUCATI SUPERSPORT S You can't</a> <a title="Economia MAY 17 page 97" href="http://viewer.zmags.com/publication/140862a7?page=97"> Specialised spoons The solution to the eternal st</a> <a title="Economia MAY 17 page 98" href="http://viewer.zmags.com/publication/140862a7?page=98"> </a> <a title="Economia MAY 17 page 99" href="http://viewer.zmags.com/publication/140862a7?page=99"> Faculty membership Supporting your professional d</a> <a title="Economia MAY 17 page 100" href="http://viewer.zmags.com/publication/140862a7?page=100"> Directory RECRUITMENT GROUP CHIEF EXECUTIVE REQU</a> <a title="Economia MAY 17 page 101" href="http://viewer.zmags.com/publication/140862a7?page=101"> TO ADVERTISE IN THE DIRECTORY PLEASE CONTACT POLL</a> <a title="Economia MAY 17 page 102" href="http://viewer.zmags.com/publication/140862a7?page=102"> LIFE AFTER WORK I n 1965 young acc</a> <a title="Economia MAY 17 page 103" href="http://viewer.zmags.com/publication/140862a7?page=103"> A WELL-DESERVED OPPORTUNITY EXCLUSIVE VOLVO V60 M</a> <a title="Economia MAY 17 page 104" href="http://viewer.zmags.com/publication/140862a7?page=104"> </a>