The pandemic was unlike anything that people have seen in their lifetime. Individuals and businesses were impacted more than ever in recent years, as countries had to shut down completely to slow down the spread of the coronavirus. There were loans implemented which helped organisations through times of hardship; however, these loans were abused by [...]
There is no getting away from the fact that it has been a difficult few years for businesses big and small. The pandemic, withdrawal of support and then the rise of energy prices have all been a perfect storm of trouble. As a result, it’s hardly a surprise that there are so many organisations that [...]
There is no doubt that the UK economy has fallen on hard times in recent years. This is due to several reasons, but large contributing factors are the pandemic and its subsequent impacts, paired with political unrest. As a direct result of this uncertainty, a lot of businesses have been forced to close. The number [...]
The UK is an interesting place at the moment. Energy prices are rising, the cost of living is growing increasingly more expensive, and public sectors are sporadically going on strike, making organising plans a hassle and causing concern over health risks. These strikes have been met with a refusal from the government to improve the [...]
In December 2022, the UK government announced a package of reforms to financial services regulations in the UK. The Financial Services reforms have been made, pending legislation that will come into effect later in 2023. So far, people have just been guaranteed that more consultation on specific areas is to follow. The announcement came after [...]
Many people across the UK file for personal insolvency every year. People generally have different reasons why they need to file for bankruptcy, but if this is something you are considering, you will no doubt require further information. This article will discuss how to assess whether you should file for personal insolvency and the repercussions [...]
In the early days of the pandemic, as the world came to grips with what was actually going to happen in terms of social life, family life and work, the government made adjustments in order to help people through such unprecedented circumstances. Whilst a lot of these were effective, there were also issues surrounding different [...]
Over the past few weeks and months, the UK has found itself in a relatively unstable position as government debt, pensions, and political instability has led to a large amount of volatility. This article is going to talk in more detail about what actually caused Financial Market Turmoil and whether or not the British public [...]
There has been some controversy recently as two East Midlands bosses have been banned thanks to Bounce Back Loan abuse. This is because they have misused or falsely claimed a bounce-back loan throughout the covid pandemic, which amounted to £80,000. Bounce Back Loan Abuse 101 Before going any further, it is worth discussing what is [...]
In October 2022, the Public-sector cloud provider, UKCloud, was forced to enter into compulsory liquidation. What is Compulsory Liquidation? Compulsory liquidation is a process of insolvency where proceedings are initiated by somebody (usually a creditor) opting for the winding up of a company. Essentially, it means that the company has outstanding liabilities to the point [...]
