MP made bankrupt due to £1.7m of Personal debt
Conservative MP Adam Afriyie has been made bankrupt after a judge heard he owed around £1m to HMRC and £700,000 to Barclays bank.A bankruptcy order was made against the MP at a hearing in...
Bailiffs forced to wear body cameras under new laws
Bailiffs will be forced to wear body cameras to protect vulnerable people struggling with debt, the Government has announced.The move is aimed at safeguarding households from “rogue” debt collectors who deploy threatening behaviour on their visits...
UK Restaurants going bust at a faster rate than during Covid
UK restaurants are going bust at a faster rate than during the Covid crisis owing to a “toxic mix” of surging energy costs, staff shortages and falling bookings.
Closures in the sector rose by 60%,...
More UK Energy firms are predicted to go bust in 2023
More UK energy firms are predicted to go bust in 2023 according to one expert. The boss of Centrica, parent company of British gas made the stark prediction that many UK energy firms are...
Government to review UK Small Business Late payments
The government is to review worsening UK Small Business late payments it has been announced.Business secretary Grant Shapps said the review was to stop larger companies “ripping off” their smaller counterparts. The government also...
New regulatory body for Bailiffs launched
A new regulatory body for bailiffs was launched on Wednesday as new figures reveal that over a third of families fear the cost-of-living crisis will force them into debt.The Enforcement Conduct Board (ECB) is...
50% rise in car parking fines issued
Drivers across the UK have suffered from a 50% increase in the number of parking fines and tickets issued by private companies.According to new analysis of data released by the Driver and Vehicle Licensing...
Late payment worsens for Businesses in the North West
The challenge of late payment continues to worsen for businesses in the North West, according to new research from the insolvency and restructuring trade body R3.It shows the number of overdue invoices past the...
Insolvent Companies more likely to be run by men says report
New research from KSA Group shows that insolvent companies were over 40% more likely to be to run by men between October 2021-22 than by females.
The study, which looked at the insolvency rate of companies...
High Street giant apologises for Business late payments
High Street giant Holland & Barrett has vowed to improve supplier relations amid growing protests from suppliers over its Business late payments. Many of its business late payments have extended past 120 days, with...
