The government introduced a bill in this monsoon session to amend the Insolvency and Bankruptcy Code. This is the first amendment proposal since 2021. The working of the IBC has faced criticism due to delays and judicial pronouncements that were not predictable. While the non-performing loan cycle is down, the confidence in using the IBC to resolve stressed companies is at an all-time low. Therefore, it is an opportune moment to solve some critical hindrances to the effectiveness of the IBC.

The bill proposes wide-ranging amendments, among others, to the admission process, financial creditor rights in insolvency including against statutory dues and inter-se, towards streamlining corporate insolvency processes, and augmenting avoidance…

Borrowing in the financial year to August 2025 was also £83.8 billion, £16.2 billion more than in the same five-month

In August 2025, 11,348 individuals entered insolvency in England and Wales, while 2,048 companies went insolvent.

For individuals, it was 7% higher than in July 2025 and 16% higher than in August 2024.

For companies, it was 2% lower than in July 2025, when it was 2,083, and 6% higher than the same month in the previous year, when it was 1,933.

Read more: First Direct launches competitive 7% interest savings account

Eamonn Prendergast, Chartered Financial Adviser at Bromley-based Palantir Financial Planning Ltd, said the UK economy is…

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The organisation’s free services to firms considering locating to Kent included help finding property, recruiting, and applying for financial support.

Liquidation “forms part of a structured plan to responsibly conclude” its business activities, the company said.

Lucy Druesne, the deputy chief executive of Kent Invicta Chamber Of Commerce, said the collapse was “a really sad situation for the region”.

Locate in Kent’s effectiveness “fluctuated”, she said, but it had “some great success stories”, including supporting growing business to remain in the region.