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John says he would visit the betting shop near Sandhurst multiple times a day
A gambling addict has claimed he was allowed to spend £100,000 at a bookmakers before staff intervened.
John said he visited the College Town branch of Coral in Berkshire up to three times a day for a year – and had even told staff he had blocked himself from gambling online.
But despite rules that state shops must step in if they think a gambler is at risk, the 40-year-old said he was allowed to keep betting.
Coral was approached for comment.
“I don’t feel I have to wake up every morning and spend my money. But when I do gamble, I gamble heavily.”
Since moving into the area in December 2022, John said he had spent…
Total insolvencies rise in England and Wales, and Northern Ireland, while Scotland sees a modest dip.
Total insolvencies rise in England and Wales, and Northern Ireland, while Scotland sees a modest dip.
The latest statistics from the Insolvency Service reveal a rise in company insolvencies across the United Kingdom, with January 2025 witnessing a notable increase compared with both the previous month and the corresponding period in 2024.
ENGLAND AND WALES
In England and Wales, the number of company insolvencies in January 2025 reached…
Good morning, and welcome to our rolling coverage of economics, the financial markets and the world economy.
UK pay growth has accelerated at the end of last year, bringing relief to workers and a headache for the Bank of England
The latest employment data, just released, shows that totalpay rose by 6% per year in the October-December quarter – up from 4.4% in July-September, and a little faster than City economists expected.
Regularpay (excluding bonuses) rose by 5.9% in the Oct-Dec quarter, down from 4.9% in the previous three months.
These increases mean earnings continued to rise faster than inflation, meaning real wages rose. Adjusted for the CPI inflation rate, both real regular and total pay rose by 3.4% on…
Company insolvencies in Scotland saw a 15% decrease in January 2025 compared to the same period last year.
A total of 75 insolvencies were registered, comprising 37 Creditors’ Voluntary Liquidations (CVLs), 32 compulsory liquidations, and six administrations. No Company Voluntary Arrangements (CVAs) or receivership appointments were recorded.
The insolvency rate for the 12 months to January 2025 stood at 51.3 per 10,000 companies on the effective register, a slight decrease of 1.3 from the 12 months ending January 2024.
This article may contain graphic and/or adult content unsuitable for minors and sensitive readers.
EC Provincial Government
The Eastern Cape Provincial Government, in partnership with the Manufacturing, Engineering, and Related Services Sector Education and Training Authority (MerSETA), has launched a R70 million debt relief initiative to assist unemployed graduates burdened by historical student debt.
Bhisho spokesperson, Khuselwa Rantjie, says the initiative targets young people aged 18-35 who have completed undergraduate qualifications in MerSETA-related fields.
The matter of Salesio Kinyua Njagi and Nine Others v Invesco Assurance Company Limited [2021] (eKLR) dealt with the application of the law around the insolvency of insurance companies.
Public interest is of great concern to the insurance industry, necessitating its consideration when filing liquidation proceedings against such companies.
It is imperative to have clarity on the law that ought to govern the prosecution of insolvency of insurance companies, to ensure that the process safeguards the integrity of the insurance sector while simultaneously protecting the private interests of creditors.
The business of insurance, although primarily a matter of private contract, is characterised as one…
The start-up suffered from a fire at its manufacturing site a few weeks ago.
Liquidators have been appointed to the Galway-based battery systems manufacturing start-up Xerotech. The company, founded in 2015, employs 100 people.
Luke Charleton and Alan Large of EY-Parthenon’s Turnaround and Restructuring Strategy team have been appointed as joint liquidators to preside over the sale of the start-up’s business and other assets.
“The joint liquidators are commencing a process to seek out potential purchasers for the trade and other assets of Xerotech. The aim of this sales process will be to sell the trade and assets to secure the Xerotech business and to protect employment if possible,” the…
Stats released today by The Insolvency Service unveiled a 6% increase in company insolvencies in the year ending January 2025 compared to the month before, and 11% more than in January 2024, as the dust beings to settle following a disruptive Autumn Budget for British business.
According to Giuseppe Parla, Business Recovery Director at Menzies, December stats bucked the trend, and a January hike in corporate insolvencies may have laid the foundations for a tough year ahead:
“While December figures painted a picture of economic stability, January delivered a new wave of corporate insolvencies as British business continues to be hit hard. Despite a recession ‘near-miss’, many businesses are cutting their losses with prices…
The number of people going financially insolvent across England and Wales jumped by 12% in January compared with the same month a year earlier, according to Insolvency Service figures.
Some 9,706 people entered insolvency last month, which was 3% lower than in December 2024 but 12% higher than in January 2024.
Personal insolvencies are made up of bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs).
The 3,847 DROs registered in January 2025 was 82% higher than the long-term (2014 to 2023) monthly average of 2,114, although below a record high of 4,336 seen in June 2024, the Insolvency Service said.
It said that a rise in DRO numbers since April 2024 coincided with the abolition of a £90 admin fee to…
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