Treasury warned over plans to prioritise HMRC in company insolvencies

Insolvencies
Treasury warned over plans to prioritise HMRC in company insolvencies 13th September 2019. Accountancy, investment and legal trade groups have written to the Chancellor Sajid Javid to argue that Treasury plans to prioritise debt repayments – called the Crown preference
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Store closures reach record high

Business
Store closures reach record high 12th September 2019. About 16 shops are closing every day as retailers restructure their businesses and more shopping moves online.   A net 1,234 stores shut on Britain’s top 500 high streets in the first
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Brexit blamed for a decline in the number of start-ups

Business
Brexit blamed for a decline in the number of start-ups 12th September 2019. Brexit uncertainty has been blamed for a 12.9% fall in the number of new UK start-ups last year.   The Enterprise Research Centre (ERC), a joint venture
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Pre-pack regulator ignored

Insolvencies
Pre-pack regulator ignored 10th September 2019. The regulator set up to review pre-pack administrations has seen the number of referrals coming to it fall by 10%. The Pre-Pack Pool should be examining the sale of companies to connected parties through
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UK avoids recession

Finance and Legal
UK avoids recession 10th September 2019. UK brushes off recession fears The UK avoids recession as the economy expanded by 0.3% month on month in July, according to official figures, well above economists’ expectations of 0.1% growth. The services, manufacturing
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