Monarch Airlines was the biggest ever UK airline to cease trading, after they entered administration this October. The airline appointed KPMG as administrators and a creditor report has today revealed that the business owed over £450m to unsecured creditors. The new documents revealed that the[...]
The Autumn Budget released yesterday was a mixed bag of business and personal changes, purportedly set to ease pressure in the economy and of course help smooth the Brexit transition. The key statistic of interest to businesses however are the growth forecasts, which were revised down from 2% to[...]
We are delighted to announce that The Channel Partnership is now a proud supplier to the Recruitment Growth Network members.The Recruitment Growth Network is a membership organisation that pulls together some of the best suppliers in the recruitment industry to help provide businesses with the best[...]
The Association of British Insurers (ABI) hasalways been vocal with regards to Insurance Premium Tax (IPT) and has lobbied against proposed increases too in the past. The ABI have now gone one step further by launching a campaign that argues the unfairness of the tax with a new video. The[...]
Following holding their International Trade Observatory summit in Athens, Euler Hermes released their latest economic data.The data found that global growth shifted up a gear during Quarter Two of 2017, particularly in the US, the Eurozone, China and Japan. Euler Hermes confirmed its 2017 and 2018[...]
Strong growth in October has been reported by British manufacturers, following higher domestic demand and export orders. The IHS Markit/CIPS purchasing managers index (PMI) rose to 56.3 in October from 56 in September – a reading that is above 50 indicates expansion.
Today has seen The Bank of England increase interest rates for the first time in more than ten years, with a 0.25% increase from 0.25% to 0.5%. In a bid to control inflation, and keep it on target for the 2% set and required by The Bank of England, Director Mark Carney has described the move as a[...]
According to latest figures from the Office for National Statistics, the UK’s economy had a higher than expected growth in the three months to September. This does however increase the chances of a rise in interest rates, a vote on which is due on the 2nd November.Gross Domestic Product for the[...]
According to a forecasting body, The Bank of England should hold off from raising interest rates next month. The Bank Governor, Mark Carney said that rates could go up in the ‘relatively near term’ with analysts expecting an increase next month.The EY Item Club however has said that this move could[...]
According to a new survey conducted by Nimbla, 89% of SMEs in the UK and Germany have suffered losses from bad debts.
