The surge in corporate insolvencies for November 2023 announced by The Insolvency Service has left the UK economy on the cusp of an unwanted and deeply unenvious record. It looks increasingly as though there will be a record number of company failures in 2023, eclipsing the previous high of 26,556 at the height of the global financial crisis in 2009.
The road haulage industry has a significant environmental impact. The transport sector is responsible for more than a fifth of total global CO² emissions, of which road transport accounts for 15% of the total. Around 30% of transport emissions come from road haulage, or around 5% of all global emissions. It bears a heavy responsibility to play a part in
Last month’s Autumn Statement was heavily focused on boosting the UK’s poor level of business investment, rightly identifying that without much higher investment, the productivity improvements required to restore the economy to meaningful growth will be unachievable. The scale of the problem The International Monetary Fund (IMF) has confirmed that real-term business investment in the UK was still at a
In this month’s business overview, we take a closer look at the Autumn Statement and consider its real impact on business investment It’s a well-worn joke that asking two experts about the economy is likely to get you at least three opinions or that if you laid all the world’s economists end to end, they still wouldn’t reach a conclusion.
Our analysis of the latest published accounts of the travel facilitation sub-sector of the wider travel and tourism industry in the UK formed the main basis of our recent market sector report on travel. Our report showed a picture of cautious optimism, but some clear weaknesses in the overall finances of the sub-sector. A deeper dive beyond those financial weaknesses
Public confidence in travel agents Despite the rise of self-booked holidays, self-assembled via the internet, over a third of UK tourists book their trips through travel agents, according to research by Travel Counsellors. Figures published by ABTA in October as part of its first-ever Travel Confidence Index shows a score of +72 for those who booked through a professional, compared
