August 2024 economic and business overview
Does the new government necessarily herald a new economic era? There has certainly been a change of tone, even if it seems rather more difficult to detect an actual change of mood as yet.
Business Rescue
What happens if I consult an Insolvency Practitioner?
There are so many misconceptions about talking to IPs about a business’s problems that it’s hard to know where to start with de-mystifying the process. The two immediate fears are how much will it cost and won’t they simply want to push my company into liquidation to earn a quick fee? The first question is easy to answer. The initial
July 2024 economic and business overview
More mixed news on the economy amid the chaos of the election campaign As during any election campaign, it’s usually best to avoid all media interpretation of economic statistics amid the swirl of reckless hyperbole and the plethora of highly questionable ‘facts’ being peddled by all political parties in their frantic efforts to win over voters. The savage rebuke issued
How are the latest business rates & minimum wage rises affecting the hospitality sector?
The embattled hospitality sector has another front to fight on. This week has seen media headlines about pub closures rapidly increasing by 51% in Q1 2024 compared to the same period in 2023. This follows hard on the heels of data from accountants, Price Bailey that the 514 restaurant closures in Q4 2023 were the highest quarterly figure their research
Staffing issues still holding back UK hospitality
The UK hospitality industry faces many challenges, not least its steadily deteriorating finances as detailed in our recent sector report. Among the most intractable are ongoing and chronic staff shortages, which undoubtedly underly a significant proportion of the financial pain. The situation has reached such a pitch that the All-party Parliamentary Group for Hospitality and Tourism had announced it was
June 2024 economic and business overview
Economic signals are still mixed but positive overall With the release of many more positive economic announcements in recent weeks, has the UK economy finally turned a corner as the government and the Bank of England are suggesting, or are we all getting ahead of ourselves? Only time can answer this question, but many, although not all of the signs