The looming insolvency crisis

A record number of corporate insolvencies in the first quarter of 2022 suggest the corporate sector faces a crisis

Back in May, we warned that a wave of company failures would hit UK firms in the latter half of 2022. Just three months later, it appears the situation may be even grimmer than predicted. This week, reports revealed that corporate insolvencies were up more than 80% in the past quarter compared to 2021. This…

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McDonald’s profits as UK restaurants flounder

McDonald's announced global profits while hiking selected menu items

American fast food chain McDonald’s recently announced plans to increase the price of some items on their UK menu. In a carefully-worded statement, McDonald’s U.K. and Ireland CEO, Alistair Macrow claimed that: “Just like you, our company, our franchisees who own and operate our restaurants, and our suppliers are all feeling the impact of rising…

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HMRC Targets SMEs, But Ignores Corporate Tax-Dodgers

Restaurateurs and other small business owners are being targeted by HM Revenue & Customs (HMRC) as part of a national crackdown on tax evasion. Over the next few weeks, specialist tax inspection teams will pursue restaurants with intensive sting operations across London, Manchester, Liverpool, Cumbria and parts of and Scotland.

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