Chancellor Rachel Reeves has announced the autumn budget for 2025. Commenting on the Budget, James Burgess, Head of Commercial and Insolvency expert at Atradius UK, said “Personal tax changes, including freezing all personal income tax thresholds until 2030-31, will potentially curb spending and weaken demand, further pressuring business revenues at a time when businesses are already stretched by weak demand and high costs.
“Companies should act quickly to protect their working capital – tightening credit control, reviewing payment terms, and leverage trade credit insurance to safeguard against defaults in an uncertain trading landscape. Our latest Resilience Gap Report shows how far emergency cash reserves…