Feb 6, 2023 | Current Affairs
Company insolvencies surged to 22,190 in 2022 - the highest level seen since 2009 and 57% higher than in 2021, says the insolvency service. According to the latest insolvency figures, this increase was driven by the largest annual number of creditors' voluntary...
Feb 3, 2023 | Current AffairsGovernment Announcements
The Bank of England (BoE) has raised interest rates by 0.5% to 4% following a monetary policy committee (MPC) meeting on Thursday (2 February). This is the tenth consecutive time the Bank has increased interest rates, resulting in the highest base rate in 14 years....
Feb 2, 2023 | Current Affairs
Business leaders' confidence in the economy rose significantly in January, according to the Institute of Directors (IoD). While the IoD's Directors' economic confidence index hit a low of -58 in December 2022, the beginning of 2023 saw business leader optimism in the...
Jan 31, 2023 | Current Affairs
The UK economy is expected to shrink by 0.6% in 2023 instead of growing by 0.3%, as previously predicted, says the International Monetary Fund (IMF). The IMF's world economic outlook indicates that Britain is set to be the only major developed nation in recession this...
Jan 27, 2023 | Current AffairsGovernment Announcements
In a hearing on Thursday (26 January), HMRC chief Jim Harra told the Public Accounts Committee that the level of small business tax debt is growing. This can be partly attributed to businesses struggling with poor economic conditions as inflation soars and the cost of...
