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24/02/2022
BTG

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.
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08/02/2022
BTG

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.
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31/01/2022
BTG

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.
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05/01/2022
BTG

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.
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02/12/2021
BTG

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.
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25/11/2021
BTG

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.
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24/11/2021
BTG

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.
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10/11/2021
BTG

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.
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08/09/2021
BTG

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.
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06/09/2021
BTG

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
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20/08/2021
BTG

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.
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12/07/2021
BTG

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.
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01/07/2021
BTG

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.
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