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Begbies Traynor Group
Date:
05/01/2022
Author:Begbies Traynor Group

UK commercial property investors braced for higher borrowing costs

The refinancing requirement for UK commercial property investors is expected to climb next year, as extended loans during the pandemic expire. Overall, we expect alternative lenders to further increase market share, in a year when interest rate increases push up borrowing and hedging costs.
Begbies Traynor Group
Date:
02/12/2021
Author:Begbies Traynor Group

Omicron threatens the nascent UK labour market recovery

The emergence of Omicron, the latest Covid-19 variant, threatens the positive autumn momentum building in the UK labour market. Early indicators suggest only a tiny proportion of the 1.14 million furloughed workers were made redundant after the Coronavirus Job Retention Scheme (CJRS) expired. November’s data, published in mid-December, is also expected to show that positive employment trends continued. If true, this confounds fears of rising unemployment at the end of the CJRS. However, the latest pandemic curveball may blunt the positive momentum.
Begbies Traynor Group
Date:
25/11/2021
Author:Begbies Traynor Group

Covid-19 commercial rent arrears and new arbitration scheme

Earlier this month, the UK government published a revised Code of Practice for commercial property relationships alongside a draft Commercial Rent (Coronavirus) Bill which will create a legal arbitration regime in respect of Covid-related rent arrears.
Begbies Traynor Group
Date:
24/11/2021
Author:Begbies Traynor Group

Inflation risks and labour market frictions weigh heavy on UK’s economic recovery

Escalating inflation in the UK economy reached a decade-long high in October, as higher energy prices, supply chain disruptions, labour shortages, wage and food price inflation all blunted the economic recovery.
Begbies Traynor Group
Date:
10/11/2021
Author:Begbies Traynor Group

Airline industry’s embryonic recovery faces hard landing obstacles everywhere

Pent-up demand in the airline industry might suggest the embattled sector is on the cusp of a recovery. But for every positive indicator, there is a headwind to dampen the optimism. The airline sector's recovery remains fragile, and the embattled global airline industry may still face a harsh winter if a new virus wave emerges.
Begbies Traynor Group
Date:
08/09/2021
Author:Begbies Traynor Group

Federal Reserve’s monetary policy: policy error or data-driven prudence?

US Federal Reserve monetary policy continues to play an outsized role in directing the near-term trajectory for the global economy. US monetary policy impacts the domestic economy, the global economy and the financial markets.
Begbies Traynor Group
Date:
06/09/2021
Author:Begbies Traynor Group

Retail sector headwinds continue to build under the surface: Knock-on impact on commercial property

Downside risks for the UK retail sector continue to mount as we head into the autumn. A surging Delta variant threatens the momentum of recovery in the economy and consumer spending, while government
Begbies Traynor Group
Date:
20/08/2021
Author:Begbies Traynor Group

High Court authorise first mid-market restructuring plan in landmark case

A restructuring plan for a mid-market company has been approved by the High Court for the first time, in a case undertaken by the restructuring team at BTG Advisory.
Begbies Traynor Group
Date:
12/07/2021
Author:Begbies Traynor Group

Covid loan defaults could cost the Treasury up to £25bn

UK companies borrowed almost £80bn across the government’s flagship coronavirus loan schemes in the year to March, according to recently published Treasury data, costing the Treasury around £25bn in loan defaults.
Begbies Traynor Group
Date:
01/07/2021
Author:Begbies Traynor Group

Tapering furlough scheme prompts decision time for pandemic-hit corporates

The coronavirus job retention scheme (CJRS) starts to taper this week, which will prompt employers that receive funding to quantify their long-term workforce size as the UK slowly emerges from its third extended national lockdown.
Begbies Traynor Group
Date:
18/06/2021
Author:Begbies Traynor Group

Moratorium on commercial evictions extended to March 2022

Temporary legislation introduced under the Coronavirus Act 2020 placing a ban on commercial evictions has been extended until 25 March 2022. As the threat posed by the coronavirus pandemic on the commercial property sector fails to subside, the pressure on financially strained tenants is once again lightened.
Begbies Traynor Group
Date:
20/05/2021
Author:Begbies Traynor Group

Momentum builds for a blockbuster UK economic recovery in 2021

The Bank of England (BoE) upgraded its outlook for GDP, seeing a surge this year driven by a successful vaccination roll-out and a fully reopened UK economy in June combined with supportive fiscal and monetary policies and unleashed household savings. Overall, the revised UK forecast implies a faster GDP expansion this year, followed by slower growth next year. As ever, underneath the rosy headline outlook, the environment will remain precarious for some.
Begbies Traynor Group
Date:
13/05/2021
Author:Begbies Traynor Group

Begbies Traynor partners appointed as joint liquidator for Envy Asset Management Trading Ltd

A team from Begbies Traynor Group, led by Darren Reeds and Wesley Edwards, as well as Wong Joo Wan of Alternative Advisors Pte Ltd in Singapore, have been confirmed as joint liquidators of a BVI ent
Begbies Traynor Group
Date:
12/05/2021
Author:Begbies Traynor Group

Macro inventory: US economy’s downside surprise, while ECB hints at asset tapering

Uncertainty obscures the global economic outlook. In the short term, global growth will correlate with the pandemic’s path: from the efficacy of existing vaccines to stem the emergence of possible new Covid-19 variants to the effectiveness of policy action and the varying resilience of different economies to lockdown restrictions. But the long-term effects of the pandemic may take years to become apparent, such as changes in long-term supply and demand across economies and in the evolution of financial markets.
Begbies Traynor Group
Date:
15/04/2021
Author:Begbies Traynor Group

UK exports recover in February as fears over permanent collapse in EU trade recedes

UK exports to the EU climbed by £3.7 billion in February, in a sharp reversal of the downward trend in January which saw a £5.6 billion plunge in the total value of exports to the bloc, newly published data by the Office for National Statistics (ONS) shows.