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Why did the UK Government announce Financial Services Reforms?
In December 2022, the UK government announced a package of reforms to financial services regulations in the UK. The Financial Services reforms have been made, pending legislation that will come into effect later in 2023. So far, people have just been guaranteed that more consultation on specific areas is to follow. The announcement came after […]
February 28, 2023
What Are the Consequences of Personal Insolvency in England and Wales?
Many people across the UK file for personal insolvency every year. People generally have different reasons why they need to file for bankruptcy, but if this is something you are considering, you will no doubt require further information. This article will discuss how to assess whether you should file for personal insolvency and the repercussions […]
February 7, 2023
DWP Court Case Legacy Benefits in the United Kingdom
In the early days of the pandemic, as the world came to grips with what was actually going to happen in terms of social life, family life and work, the government made adjustments in order to help people through such unprecedented circumstances. Whilst a lot of these were effective, there were also issues surrounding different […]
January 30, 2023
Financial Market Turmoil in the United Kingdom
Over the past few weeks and months, the UK has found itself in a relatively unstable position as government debt, pensions, and political instability has led to a large amount of volatility. This article is going to talk in more detail about what actually caused Financial Market Turmoil and whether or not the British public […]
January 23, 2023
East Midlands Directors Banned for Bounce Back Loan Abuse in the United Kingdom
There has been some controversy recently as two East Midlands bosses have been banned thanks to Bounce Back Loan abuse. This is because they have misused or falsely claimed a bounce-back loan throughout the covid pandemic, which amounted to £80,000. Bounce Back Loan Abuse 101 Before going any further, it is worth discussing what is […]
January 17, 2023
Top Reasons Why UKCloud Was Placed into Compulsory Liquidation?
In October 2022, the Public-sector cloud provider, UKCloud, was forced to enter into compulsory liquidation. What is Compulsory Liquidation? Compulsory liquidation is a process of insolvency where proceedings are initiated by somebody (usually a creditor) opting for the winding up of a company. Essentially, it means that the company has outstanding liabilities to the point […]
December 30, 2022
What UK Businesses Can Expect from the Cop27 Summit
As the Cop27 climate conference takes part in Egypt throughout November, there are a lot of businesses out there asking what it could mean for them. There are also questions surrounding what has changed since the Cop26 conference in Glasgow. Why Cop26 Was So Important One of the main things that came out of the […]
December 22, 2022
Why Does the Bank of England Expect the UK to Fall into the Longest-Ever Recession?
It was announced by the Bank of England recently that the UK may well be facing the longest recession it has ever witnessed. Thanks to the recent economic downturn that the country has seen, it is expected to enter into a recession that could well extend all the way into 2024. Unemployment is expected to […]
December 15, 2022
What Are the Top Benefits of an Administration in the UK?
If your business finds itself struggling financially and wants to enter into a formal insolvency procedure, creditor’s voluntary liquidation is one of the most common options. This is because doing so comes with speed, flexibility and considerably low costs. That is not to say, though, that the other procedures available to you do not also […]
December 3, 2022
Advantages and Disadvantages of Pre-Pack Administration in the UK
If your business is insolvent and you are hoping to sell it, then you might be interested in a pre-pack administration. This process can help organisations as it facilitates the sale of a business which finds itself insolvent. All of the negotiations pertaining to business assets happen before an administrator is appointed, which means that […]
November 26, 2022
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