So why dont most economists share the worries of so many conservative politicians, headline writers and ordinary citizens? Five reasons. The first is, these are extraordinary times. Im not sure Frydenberg is right in claiming the pandemic is “without doubt, the biggest shock this country has ever faced,” but its certainly one of them. And…
BusinessConsumer MORE than 80 per cent of respondents to a national survey of insolvency and restructuring professionals said they expect personal insolvency numbers to increase over the next year. Sunday, 26th July 2020, 12:03 pm Updated Sunday, 26th July 2020, 12:06 pm Eleanor Temple, the chair of R3 in Yorkshire and a barrister at Kings…
The Treasury is in talks with the UKs largest banks about an industry-wide plan to help tackle the tens of billions of pounds of bad debts expected under the governments light-touch coronavirus bounce back loans scheme. More than 1m of the UKs smallest companies have borrowed 33bn in just two months under the bounce back…