Rishi Sunak was accused of propping up failing businesses with taxpayers money today amid figures showing a dramatic decline in insolvencies during the coronavirus pandemic. The Chancellor has ploughed billions into securing the jobs of millions of workers through furlough payments and schemes underwriting business loans for thousands of firms. But the Government’s Insolvency Service … Read more
Record number of businesses face Covid-19-induced insolvencies, with more than 500,000 firms on the brink of collapse By City & Finance Reporters For The Daily Mail Published: 22:17 GMT, 28 October 2020 | Updated: 22:18 GMT, 28 October 2020 A record number of businesses are on the brink of collapse due to the pandemic A … Read more
Britain faces a tsunami of insolvencies: £50bn cash-flow crisis set to push firms over brink and spark a fresh wave of job losses, Bank of England warns By James Salmon for the Daily Mail Published: 21:51 BST, 6 August 2020 | Updated: 21:51 BST, 6 August 2020 Britain’s most vulnerable firms are facing a £50billion … Read more