100,000 British companies in financial trouble
A report by Begbies Traynor claims that upwards of 100,000 British companies are in serious financial trouble with over £58 billion of debt between them. There are also 50,000 other companies likely to be hit by UK government cutbacks which will make the situation even worse and potentially tip tens of thousands more companies over the edge. There is no doubt that beneath the surface there are many companies struggling to survive and any lurch downwards by the UK economy could have a catastrophic impact on the UK business arena.
The report by Begbies Traynor is a major blow to the UK financial arena although thankfully UK banks have grouped together to create a £1.5 billion rescue fund for small to medium-sized businesses. Whether this is too little too late remains to be seen but there is no doubt that UK companies do need increased liquidity and they need it quickly!
Inflation in the UK continues to remain stubbornly high, unemployment in the UK is creeping ever higher and the economy is under major pressure. The higher unemployment rises the more pressure this places upon the welfare state and ultimately we could see many of the budget cuts introduced by the government negated by a massive increase in benefit payments.
Is the worst to come for the UK high street?
The announcement of record losses by UK property giant British Land has prompted many analysts to revisit their forecasts for the UK retail sector over the coming weeks and months. There had been a general consensus forming regarding a potential recovery in the short to medium term but these figures, and accompanying statement, appear to have dashed any hopes of a short-term bounce. While British...Read More
Inflation falls less than expected
The rate of inflation in UK, as measured by the Consumer Price Index (CPI), fell last month to 2.2% from 2.3% the previous month. Analysts had expected a more significant fall to around 1.9% and the recent strength would seem to indicate that the prospect of deflation is lessening by the month. The Retail Price Index (RPI) inflation measurement is already in negative territory although it edged up...Read More
More blood on the high street as UK retailers struggle to survive
There is more doom and gloom for the UK retail market today with news that a number of companies are struggling to survive in the aftermath of a difficult Christmas and a potentially worse 2009. Despite the headlines of consumers coming out en masse during the days prior to Christmas this would appear to have come too late for many who are drowning under a mountain of debt. As the list continues t...Read More
Budget Headlines : UK National debt will not fall until 2016
UK National debt will not fall until 2016...Read More
Who will save the worldwide economy now?
Amid signs that the US and the UK economies are struggling to move into recovery mode, there is growing concern about where future funding will come from in order to try and instigate some kind of economic stability in the short to medium term. Governments around the world have literally invested their last pound, their last dollar and their last euro and with limited tax income it is difficult to...Read More