Britain’s businesses are increasingly confident that they will perform well in the years ahead, as the economic crunch which was predicted to take place immediately after the referendum has not yet materialised. A net balance of 37pc of UK firms expect business prospects to improve, the strongest figure since the […]
Archive for October, 2016
Euler Hermes: UK economy – the calm before the storm
The resilience of the UK economy following the EU referendum is masking longer term issues that are set to hinder GDP growth, corporate profitability and exacerbate late payment and insolvency issues once Article 50 is triggered, according to Euler Hermes, the worldwide leader in trade credit insurance. It has also […]
FCA bans payday lender and director for “lacking integrity”
A payday lender has been refused interim permission and had its director banned. The Financial Conduct Authority (FCA) has banned Andrew Hart, the director, controller and owner, of Wage Payment and Payday Loans (WPPL). The consumer credit firm offered payday loans under the trading names of Payday Overdraft, Wagepayday and […]
Euler Hermes: UK economy – the calm before the storm
The resilience of the UK economy following the EU referendum is masking longer term issues that are set to hinder GDP growth, corporate profitability and exacerbate late payment and insolvency issues once Article 50 is triggered, according to Euler Hermes, the worldwide leader in trade credit insurance. It has also […]
Creditors can’t touch bankrupts’ pensions, court rules
Creditors will not be able to target unspent pensions in bankruptcy, the Court of Appeal has ruled. Last week, the court handed down a judgment on an appeal against the 2014 Horton v Henry case which centred on whether a bankrupt individual can be forced to use their pension savings to pay debt as […]
Creditors can’t touch bankrupts’ pensions, court rules
Creditors will not be able to target unspent pensions in bankruptcy, the Court of Appeal has ruled. Last week, the court handed down a judgment on an appeal against the 2014 Horton v Henry case which centred on whether a bankrupt individual can be forced to use their pension savings to pay debt as […]
British businesses are growing – but they don’t know if the good times will last
Economic growth appears to be holding up for now, but businesses are not confident enough to make big decisions on hiring and investment, according to a series of surveys published today. Manufacturers are benefitting from rising export sales, the British Chambers of Commerce showed in its quarterly study, with domestic […]
MPs to probe Bernard Matthews pre-pack deal
The recent takeover of Bernard Matthews will be scrutinised by the Work and Pensions select committee this week after concerns that the deal was “carefully crafted to dump the pension scheme”. The turkey firm was sold last month in a pre-pack deal to Ranjit Boparan, the food tycoon behind the […]
MPs to probe Bernard Matthews pre-pack deal
The recent takeover of Bernard Matthews will be scrutinised by the Work and Pensions select committee this week after concerns that the deal was “carefully crafted to dump the pension scheme”. The turkey firm was sold last month in a pre-pack deal to Ranjit Boparan, the food tycoon behind the […]
British businesses are growing – but they don’t know if the good times will last
Economic growth appears to be holding up for now, but businesses are not confident enough to make big decisions on hiring and investment, according to a series of surveys published today. Manufacturers are benefitting from rising export sales, the British Chambers of Commerce showed in its quarterly study, with domestic […]