Yet another airline has become the latest casualty as the travel industry continues to feel the strain. Market turbulence has troubled the sector over the last couple of years, and even many UK travel agents are at risk of going out of business. Now Flybmi, the struggling regional airline based at East Midlands airport that…
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The UK economy saw its slowest annual growth for six years in December, according to data from 2018. Last year’s growth was 1.4%, down from 1.8% and the slowest rate since 2012, the Office for National Statistics (ONS) said. The ONS blamed a fall in factory output and car production, though it does state that…
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If your company is encountering financial difficulties, there sometimes comes a point when, no matter how hard you try to fix them, the problems cannot be overcome. When you reach this point, you should (quickly) seek professional advice to work out your best option. One popular option is to voluntarily liquidate the company with a…
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According to research conducted by BBC Radio 4, hundreds of UK travel agents are at risk of going out of business within three years. Almost 4,000 travel firms were analysed; and the results weren’t very promising. The travel industry is seemingly lacking in financial substance with the research highlighting that 25% of travel agents and…
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As we get closer and closer to Brexit, the possibility of us leaving the EU without a deal is getting more likely. Prime Minister Theresa May has insisted that the UK must leave both the customs union and EU single market if the referendum result of 2016 is to be fully respected. But a range…
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