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Begbies Traynor Group
Date:
30/05/2022
Author:Begbies Traynor Group

Inflation risks derailing the UK’s leisure and hospitality sector’s embryonic green shoots

The financial health of the UK’s leisure and hospitality sector remains in a precarious state. Since coronavirus restrictions were lifted entirely back in early 2022 the sector started to show early signs of recovery, with many optimistic for a covid-free summer season to come. But that optimism has waned.
Begbies Traynor Group
Date:
23/05/2022
Author:Begbies Traynor Group

The inflation puzzle: money printing and the devaluation of fiat currency

Inflation is at the heart of the post-pandemic economic malaise running throughout the global economy. Inflation has surged to multi-decade highs prompting central banks to ramp up monetary tightening and set out plans to unwind outsized balance sheets.
Begbies Traynor Group
Date:
18/05/2022
Author:Begbies Traynor Group

US recession risk climbing

The path to avoid a recession in the US, the world’s largest economy, is starting to narrow. Inflation remains red hot – the annual rate was 8.3% in April, compared to 8.5% in March, according to the US Department of Labor – while signs that the economy is weakening continue to mount.
Begbies Traynor Group
Date:
20/04/2022
Author:Begbies Traynor Group

Eviction moratorium expiry opens door to two years of unresolved rental debt disputes

The moratorium on commercial tenant evictions due to non-payment of rent during Covid-19 lockdowns expired last month (25 March), opening up a two-year backlog of unresolved rental debt disputes between landlords and tenants.
Begbies Traynor Group
Date:
20/04/2022
Author:Begbies Traynor Group

Begbies Traynor Group Offshore News

It is now almost 15 months since Begbies Traynor Group acquired CVR Global, and began its international expansion. The integration of the firms, together with that of David Rubin & Partners is wel
Begbies Traynor Group
Date:
13/04/2022
Author:Begbies Traynor Group

UK inflation soars, labour market tightens and retail sales lose momentum

The UK annual inflation rate surprised to the upside again with a new three-decade high CPI point of 7% in March, compared to 6.2% in February, according to new data by the Office for National Statistics (ONS) published on Wednesday 13 April.
Begbies Traynor Group
Date:
07/04/2022
Author:Begbies Traynor Group

Risk Watch Essentials - March 2022

The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for March 2022 including: Wind
Begbies Traynor Group
Date:
28/03/2022
Author:Begbies Traynor Group

Chancellor promises to ease inflation as biggest fall in living standards since the 1950s looms

Chancellor Rishi Sunak promised to ease the burden of surging inflation across the UK economy in his Spring Statement yesterday with a series of headline-grabbing policies, as UK households were warned the biggest fall in living standards since the 1950s is looming.
Begbies Traynor Group
Date:
23/03/2022
Author:Begbies Traynor Group

Bank of England walks monetary policy tightrope: inflation fears trump recession risk for now

The Bank of England (BoE) raised interest rates for the third consecutive meeting last week, signalling to markets that taming inflation and containing second-round effects remains its priority. The Monetary Policy Committee (MPC) increased the base rate from 0.50% to 0.75%, resetting interest rates to pre-pandemic levels.
Begbies Traynor Group
Date:
15/03/2022
Author:Begbies Traynor Group

European airlines braced for oil shock impact after surviving pandemic turbulence

European airlines can expect an uneven recovery in air passenger demand this year as the industry calibrates recovering international demand with near-term geopolitical headwinds which have already caused fuel costs to spike, disrupted airspace access and increased currency volatility. There are downside risks to recent air traffic demand forecasts.
Begbies Traynor Group
Date:
02/03/2022
Author:Begbies Traynor Group

UK goods imports from non-EU countries leapfrogged mainland European imports for the first time in 2

In 2021, for the first time in 25 years, the UK spent £30bn more on imported goods from outside the European Union (EU), Britain’s largest trading partner, than from the 27-nation EU bloc, according to Office for National Statistics (ONS) figures. At the same time, UK exports to EU countries fell.
Begbies Traynor Group
Date:
25/02/2022
Author:Begbies Traynor Group

Government’s ambitious Levelling Up agenda offers abundant private capital opportunities

The government’s recent ‘Levelling Up the United Kingdom’ White Paper aims to reverse a sprawling set of deep-seated regional economic, political and social inequalities by 2030. The agenda will require up to £1 trillion in spending over the next decade, according to an analysis by The Good Economy (a social advisory firm), the Impact Investing Institute and Pensions for Purpose.
Begbies Traynor Group
Date:
24/02/2022
Author:Begbies Traynor Group

New Rules Provide Another Lifeboat for Rescuing SMEs

After the British government announced an easing of COVID-19 restrictions and moving the country to a position of “living with COVID,” the full extent of the pandemic’s damage to UK businesses will come sharply into focus during the next 12-24 months. Many SMEs are already in a fight for survival, having been battered by rising input costs, increased borrowing and the curtailment of support measures.
Begbies Traynor Group
Date:
08/02/2022
Author:Begbies Traynor Group

Cryptocurrency: the future is decentralised

2021 was a breakthrough year for the institutional adoption of cryptocurrencies. The sector has matured well beyond its early reputation as a payment method for criminal activity into a US$2 trillion asset class comprised of an eclectic mix of blockchain solutions for real-world problems and industries across finance, payments, digital ownership and scarcity, arts and collectibles, gaming, supply chains, healthcare, public services, and even governments.
Begbies Traynor Group
Date:
31/01/2022
Author:Begbies Traynor Group

UK inflation soars to three-decade high intensifying monetary policy dilemma

UK inflation soared to a near three-decade high, reaching 5.4% in the 12 months to December, driven by the rising costs of energy, food, household and transport. The consumer price index (CPI) rose to the highest level, the hottest since May 1992, at 7.1%, according to Office for National Statistics (ONS) data.