On the 2nd November, the Bank of England’s Monetary Policy Committee (MPC) raised interest rates from 0.25% to 0.5%. By increasing the cost of borrowing and reducing disposable income, the move will limit the growth in consumer spending; which in turn, reduces the rate of economic growth and inflation pressures. With the influence impacting the interest rates charged by banks
So pop pickers I thought the old Animals song was quite appropriate for the Monarch collapse and that it would make a change from all the pun-tastic headlines in the news – so as the last flights bring the final passengers home you’ll find no reference to crash landings, falling to earth, loss of lift or wings clipped here! As
Providing local support with regional knowledge for its West Midlands clients Business rescue, business recovery & insolvency practice, Opus Restructuring LLP announces its office expansion into Birmingham to grow its presence and client base in the West Midlands. With dedicated support for the region, Opus will continue to provide its complete service offering to its clients including business advisory, business
We were recently asked by Contractor UK to respond to a question asked by one of their readers: Contractor’s Question: I plan to wind up my four-year-old PSC and a Members Voluntary Liquidation (MVL) looks best, as I am solvent with cash reserves excess of £25,000. But how best to maximise my salary/dividends before my October year-end? In 2016/17, I
Opaque financial disclosure discriminates against creditors, suppliers and other stakeholders in UK companies. Our Business Risk Adviser, Nick Hood comments on the abbreviated accounts published by certain companies within the business empire of Scottish entrepreneur, Sir Tom Hunter in an article by Alex Ralph and Deidre Hipwell published by the Times: Accounts for the year to the end of March
Our Business Risk Adviser and adult care pundit, Nick Hood has set out the stark financial prospects for the UK’s embattled domiciliary care sector in an article for leading industry magazine, Care Management Matters. The BBC1 Panorama programme, Britain’s Home-Care Crisis, broadcast in March, laid bare the plethora of problems besetting the UK’s homecare sector. The impact of resource constraints
