It is anticipated that more than a thousand redundancies will be made at Tata Steel plants in the coming weeks, with sites in South Wales being the worst affected.
The latest job losses come after Tata Steel laid off 1
Morrisons, Tesco and Sainsbury's have cut the price of petrol below £1.00 a litre as the price of crude oil continues to fall. This is the lowest price level for petrol in the UK, excluding special promotions, since
The number of restaurants in Yorkshire that are liable to a higher than normal risk of insolvency has fallen for the second month running, according to research from the insolvency trade body, R3. In short, the performan
The Exaro Insolvency Index has shown that company insolvencies have decreased by 11.5% across the whole of the UK for the 3 months ending September 2015, compared to the same period in 2014. London and Wales have seen the
The Consumer Price Index (CPI), a key measure of UK inflation, rose from 0% by 0.1% in July 2015. The increase has been attributed to increases in airfares and clothing prices. The core rate of inflation, which excludes
There is a common misconception that the number of insolvencies increases during an economic recession and falls when there is economic growth. Insolvency practitioners themselves, however, will not be surprised to hear th
Recent research has found that approximately two thirds of insolvency practitioners in the UK expect the number of insolvencies involving offshore jurisdictions to increase over the next three years, as a result of an up
Football League clubs who are insolvent will now face stricter sanctions and be forced to repay the majority of their unsecured debts under new rules agreed at the Football League's annual conference.
Clubs entering Adm
Recent research by R3 shows that 50% of businesses in the North East, Yorkshire and Humberside have been victims of late invoice payments in the last 6 months. The figure nationwide is 49%.
Previous research by R3 ha
Personal insolvency rates in the North-East and North-West increased between 2008 and 2013, whereas they fell in London and the Home Counties. This raises questions over the Coalition parties' claims that the recovery h