May 17, 2023 | Business RegulationCurrent Affairs
Company insolvencies in England and Wales fell by nearly a third (31.8%) in the month to April 2023, according to the latest figures from the Insolvency Service. In total, 1,685 companies were registered as insolvent last month, including 1,368 creditors' voluntary...
May 15, 2023 | Current Affairs
The UK economy contracted by 0.3% in March after no growth in February, according to the Office for National Statistics (ONS). The drop in GDP was partly driven by widespread decreases across the services sector and strike action in health and education. Output fell...
May 12, 2023 | Current Affairs
The Bank of England (BoE) has increased the base interest rate to 4.5% following a meeting on monetary policy on Thursday (10 May). The Bank's monetary policy committee (MPC) voted to raise the rate by a majority of seven to two, marking the 12th consecutive increase...
May 9, 2023 | Current Affairs
The Association for Chartered Certified Accountants (ACCA) is calling for action to tackle the effects of poor payment practices on SMEs. Late payments have a domino effect on supply chains and negatively impact cashflow, resulting in "severe consequences" for small...
May 3, 2023 | Current Affairs
Small business confidence increased by 43 points to -2.8 in the first quarter of 2023, according to a new survey from the Federation of Small Businesses (FSB). The FSB's small business index shows confidence improving across all major sectors, including wholesale and...
