Business Insights

Economic pressures are putting companies all over the UK under strain. A fall in consumer spending has hit a variety of businesses notably hard and there are numerous potential consequences in this situation.

With fears that the UK could take at least a decade to regain its recently downgraded AAA credit rating, businesses in Britain could continue to face barriers to growth amidst a challenging economic environment.

The collapse of high street chains such as Comet, HMV and Blockbuster have served to demonstrate that even established brands are not secure within the current financial climate.

When a company finds itself in serious financial difficulty, they have serious questions that they need to face up to. The most sensible option regarding what to do next may be to call in specialist insolvency practitioners to confront the challenges ahead.

Bank of England (BoE) policy-maker David Miles has argued that the BoE may need to contemplate boosting its programme of quantitative easing by a further £175 billion in an effort to bolster the UK’s sluggish economy.