IFAC accelerates engagement on anti-corruption and anti-money...
As evolving threats such as climate change, artificial intelligence, and geopolitical conflicts put increasing...
READ MOREInsolvencies rise by nearly 40% in England and Wales as costs soar
The number of companies collapsing into insolvency in England and Wales has jumped by nearly 40% in a year, as soaring energy prices, high inflation and rising interest rates take their toll.
There were 1,948 company insolvencies in England and Wales last month, the Insolvency Service reported, up 16% from September’s total of 1,684.
That figure is 38% higher than in October 2021, when there were restrictions on winding up companies during the Covid pandemic, and 32% higher than in 2019.
It showed how companies in England and Wales were facing a “worsening situation”, said Jeremy Whiteson, a restructuring and insolvency partner at the City law firm Fladgate.
Read more at The Guardian
Previous
Hospitality facing £900m business rate hike, threatening ‘devastation’ in the sector
Next
Jobless rate rises as UK prepares to tighten belts again
HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MORE
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE