How Recent Events Have Reshaped Insolvency Trends in the UK? | |
In recent years, a mix of economic pressures has driven significant changes in the UK’s insolvency field. From the lingering effects of the COVID-19 pandemic to inflation and interest rate hikes, these challenges have reshaped how businesses approach financial distress and insolvency. Insolvency practitioners have had to adapt to new challenges as solvent and insolvent liquidations take on different characteristics in this altered financial climate. The COVID-19 pandemic initiated an unprecedented economic crisis, and its effects continue to influence insolvency trends. Many businesses struggled to maintain operations as lockdowns and restrictions limited consumer demand and disrupted supply chains. In response, the government introduced support measures such as the Coronavirus Job Retention Scheme (CJRS), bounce-back loans, and business rate reliefs, which offered temporary relief to struggling businesses. | |
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| Target State: All States Target City : Norwich Last Update : Jan 28, 2025 12:53 AM Number of Views: 10 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002465895 |
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