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There’s no shortage of coverage and comment on how the price of everything from energy to food is rising at an alarming rate. But there’s another aspect to the cost of living crisis that should be getting more attention than it is at present. And that’s the fact that...
The new Chancellor, Kwasi Kwarteng, has unveiled what he claims are the biggest tax cuts in a generation. Much of the Chancellor’s “Plan for Growth” had been expected as he confirmed he is scrapping a planned rise in corporation tax, reversing the National Insurance...
Company insolvencies are rising at an alarming rate, as we’ve covered in this previous blog. You don’t have to look too hard to understand the reasons why. A toxic cocktail of soaring inflation, sky-high energy and material costs, plus the end of government COVID...
There have been plenty of “I told you so’s” floating around the finance industry as the global cryptocurrency market has hit the rocks this year. After more than half a decade of staggering growth in value - of a magnitude that at times threatened to rewrite the rules...
Of all the formal insolvency procedures, administration is by far the best known. Ask anyone on the street what it means when a company goes into administration, and they’re likely to give you an answer that is somewhere close to the mark. It means the company can’t...
Households up and down the country are facing a serious squeeze on their finances as inflation continues to spiral upwards. The main causes - soaring energy costs and food prices - are by now very well documented. And as we head into the winter months, when central...
Debt is a complicated subject for businesses and individuals alike. It does, of course, carry plenty of negative connotations, with concerns about insolvency and bankruptcy inevitably creeping into any discussion about debt. But...
It’s fair to say insolvency practitioners don’t enjoy the best reputation among business owners. And we can kind of see where people are coming from. There’s a bit of a Grim Reaper vibe surrounding the whole insolvency sector. Like the Reaper, most people would say...
Anyone can get into trouble with debt. However much you earn, whatever the value of your assets, it’s always possible to borrow beyond your means, or to suffer a change in circumstances that hits your ability to make repayments. That being said, it is widely known...
For some people, credit is irresistible. Don’t have enough cash to buy that new outfit you have your eye on, or bag yourself the latest smartphone, or pay for a holiday? No problem. Just stick it on a credit card. Or choose a buy now, pay later deal. Or take out a...