Council leaders have written to Chancellor Rachel Reeves demanding the right to impose higher council tax increases and new charges such as local tourism taxes, to avoid “system-wide financial failure”. Authorities are currently unable to raise council tax by more than 5% without holding a referendum of local voters, effectively making bigger increases impossible. But…
The construction sector continued to account for one in six company insolvencies in England and Wales over the last 12 months despite a month-on-month fall in August. According to the latest rolling annual Insolvency Service (IS) data, 23,141 insolvencies were recorded in the 12 months to August 2025, including 3,934 in construction. The sector’s share…
Simbhaoli Sugars Schedules IRP Meeting to Review Q1 FY2026 Results scanx.trade Read the original article here
Restructuring experts urge Reeves to avoid hiking corporate costs further By THIS IS MONEY Updated: 22:33 AEDT, 17 October 2025 The Chancellor must avoid piling further pressure on British businesses at her upcoming Budget after another 2,000 firms went bust last month, restructuring experts have warned. A sharp rise in labour costs, stubbornly high inflation…
Company insolvencies in Scotland saw a sharp increase in September 2025, rising 41% compared to the same month last year. Official figures show 103 companies became insolvent. This total was comprised of 50 creditors’ voluntary liquidations (CVLs), 48 compulsory liquidations, and five administrations. Despite the monthly surge, the overall insolvency rate for the year to…
Personal insolvencies jumped by 7% annually in September London Evening Standard Read the original article here
The number of people going financially insolvent across England and Wales in September was 7% higher than a year earlier, according to Insolvency Service figures. Some 11,101 people entered insolvency in England and Wales, which was 3% lower than in August 2025 but 7% higher than in September 2024. This was made up of 622…
Personal insolvencies jumped by 7% annually in September AOL.co.uk Read the original article here
Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth The number of people going financially insolvent across England and Wales in September…
Today’s company insolvency statistics show accommodation and food services insolvencies dropped 19% from 327 in July 2025 to 265 in August 2025. Insolvencies in the sector were also down slightly year-on-year from 271 in August 2024. After three consecutive months of rising insolvencies, the latest fall will come as a relief for the sector. This…