Articles
Largest number of firms going bust since 2009
There has also been a notable rise in companies at serious risk of going bust. Firms that are considered in “critical financial distress” are said to be up by 25% over the third quarter of 2023 compared to the same period a year ago.
UK inflation remains at 6.7%
After the ONS released data showing that the UK’s inflation rate remained unchanged, industry experts have been discussing what this could mean for the Bank of England’s base rate of interest.
The latest Energy Price Cap and what it means
Millions of households will experience a reduction in the cost of their energy bills from October the 1st after a decrease in the Energy Price Cap. But what is the Energy Price Cap and what will it mean for you?
Rishi Sunak’s new approach to cars, boilers and Net Zero
“Net Zero” refers to a concept regarding the emission of greenhouse gasses. It requires a balance between the greenhouse gasses we emit and remove from the atmosphere. If we can emit the same or fewer greenhouse gasses than we emit, we have achieved Net Zero.
Recession fears growing
There are fresh concerns that the UK economy could be heading for recessions, which is when two consecutive quarters record a decline in Gross Domestic Product (GDP). The recession alarm bell has been raised after new Bank of England data shows that the UK’s money supply has stopped increasing.
