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.
On Monday 2nd October, Monarch Airlines and Monarch Travel Group went into administration. All flights from the UK operated by Monarch Airlines were cancelled and unfortunately not rescheduled. All Monarch flights scheduled to fly into the UK over the next two weeks will be replaced with[...]
Dominic O’Connel was on the Today Programme on Friday discussing Carillion Plc’s ½ year results with Michael Hewson, Chief Market Analyst of CMC Markers (UK). No news there. The conversation was about some of the detail in the ½ year results – the further £200m written off on long term contracts[...]
According to Quarter 3 statistics from InfolinkGazette, individual, unsecured creditor losses have risen from an annual average of £23,000 per insolvency to £29,000. The statistics confirm that on average, the creditors of Voluntary Liquidations are losing £28,000 on average, while creditors of[...]
