Our latest news

25th June 2020
VAT deferral: Firms will pay in full from July 1st

VAT deferral: Firms will pay in full from July 1st

The VAT deferral scheme, which allowed businesses to defer VAT payments, will not be extended, meaning that all payments will need to be made in full and on time from 1 July. Launched as part […]
22nd June 2020
Coronavirus: Households will rack up £6bn in debt

Coronavirus: Households will rack up £6bn in debt

British households are expected to rack up debts worth a combined £6bn during the coronavirus health crisis, StepChange claims. As millions fall behind on credit card payments, council tax and utility bills, the debt advice […]
11th June 2020
Major restructuring in restaurant and retail sectors

Major restructuring in restaurant and retail sectors

Major restructuring projects in several restaurant and retail groups is expected to cost 3,600 jobs in the UK. The Restaurant Group, which owns Frankie and Benny’s will be responsible for up to 3,000 job losses […]
8th June 2020
Consumers Make Record Debt Repayments During Lockdown

Consumers Make Record Debt Repayments During Lockdown

Households repaid £7.4 billion in credit card and loan debt in April as the Bank of England recorded the biggest ever monthly fall in consumer debt. Lockdown effectively limited consumer activity in April, meaning that […]
22nd May 2020
Coronavirus Bill Protects Companies Against Insolvency

Coronavirus Bill Protects Companies Against Insolvency

New insolvency legislation has been introduced to protect businesses that are struggling to cope with the economic impact of the coronavirus pandemic. The Corporate Insolvency and Governance Bill is designed to protect ‘otherwise viable’ companies […]