Services growth sees recession fears recede. 7th August 2019. Britain’s strong services sector unexpectedly jumped up in July, stronger than expected services growth means the economy looks set to avoid an immediate recession (hard Brexit aside), offering a boost after

Bank of England cuts growth forecast on Brexit uncertainty and trade tension The Bank of England has forecast a 30% chance that the UK economy will shrink at the start of 2020, amid growth of just 1.3% this year and

Personal insolvency rate continues its rise. 31st July 2019. Individual insolvencies are at their highest quarterly level since 2010, with 30,936 people filing for bankruptcy, debt relief orders or individual voluntary arrangements, according to Insolvency Service data. The 2nd Quarter

More UK firms in ‘significant distress’ 31st July 2019. The number of UK businesses facing ‘significant distress’ has increased, according to a new poll, with 14% of all UK businesses, or 484,000, indicating they were experiencing significant distress at the

Business News for those selling on Credit 30th July 2019. Threat of no-deal sends pound to 28-month low A hardening of rhetoric from the Boris Johnson government over Brexit pushed the pound to a 28-month low against the dollar on