The past few months have seen a marked rise in the cost of energy and other utilities, both for commercial and individual use. This increase in cost shows no sign of slowing, with energy prices set to rise by 65% this Winter, according to estimates provided by the Cornwall Institute. Naturally, this rise in energy…
Read MoreAs of December 16, 2021, the Insolvency Service has the power to investigate directors that dissolve their businesses in order to evade their debts and liabilities. Otherwise known as phoenixing, this liability evasion tactic has been on the government’s radar for a while, with these new powers first being announced in 2018. What does the…
Read MoreOn 3rd March 2021 the Chancellor Rishi Sunak unveiled his 2021 Budget, outlining the road to recovery for the UK economy which has been badly impacted by the coronavirus pandemic and subsequent lockdowns throughout the last year. Many businesses small and large have been impacted by the pandemic, whether they have experienced loss of income,…
Read MoreThe BBC, together with banking group TSB, conducted a recent poll which revealed that many businesses have taken on significant amounts of debt during the pandemic. And that many are in great need of flexible repayment solutions to rebuild their revenues and steer away from an unsustainable debt crisis. This poll highlighted that around 42%…
Read MoreThe construction sector has seen its steepest decline in regards to the number of people employed since 2010. Employment dropped by 83,000 in the second quarter of the year, from the start of April to the end of June, according to data from the Office for National Statistics (ONS). Hundreds of planned cuts The drop…
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