Category: Government

More than 500,000 UK Companies in Significant Financial Distress

509,000 UK companies are in significant financial distress—the highest number ever measured. The coronavirus lockdown has seen the largest quarterly increase in the number of businesses in significant distress since the end of 2017, growing by 15,000 companies. This figure is expected to increase throughout Q2 as COVID-19 restrictions continue. The number of critically distressed…




Government Targeting Cash In Hand Loopholes

Cash in hand has long been something accepted by people working as builders, plumbers, childminders and other tradespeople but the government has now released proposals to change the rules on the size of payments that can be received in cash without a receipt. While the practicalities of enforcing a blanket ban on cash in hand…