🎙️ Why do small businesses need finance? What challenges do small businesses face this year? There's already been a reduction of nearly 500k small businesses over the last 2 years!
Paul Wilson, Policy Director at @fsb_policy joins the show to discuss.
https://t.co/rFrtBimlNT
🎙️ The Bank of England raised the base interest rate to 3% last week. Soaring borrowing costs will heap pressure on indebted UK firms...
Unemployment is expected to rise to 6.5% over the next couple of years, and CPI to hit 11% in Q4 2022.
Listen now:
https://t.co/LxCEZZkeGf
🛒 https://t.co/e4jdOSR97w Group PLC has been in and around the Company Watch Warning Area since 2016, showing signs of significant financial distress.
As the online retailer nears collapse, how resilient is your business to company failures?
#financialriskmanagement
🎙️ Nearly all the tax cuts announced in the government's mini-budget are being reversed...
The new Chancellor announced this would raise £32 billion. Government bonds, currency, and shares rallied on Monday off the back of the news.
https://t.co/lISKl9sPoy
🎙️ August GDP declined 0.3% as recession looms. The surprise drop came as factories and consumer-facing businesses struggled the most.
The number of companies filing for administration jumped 50% (265) in Q3 2022 ( 🔗 link in thread)
https://t.co/AQRDXMc9kH
🎙️ Last week, the BoE announced the biggest increase in interest rates in over 25 years (1.25% to 1.75%).
There was also an average 30% increase in company insolvencies (across all sectors) in Q2 2022, compared to pre-pandemic Q2 2019 (link in thread).
https://t.co/1XUodgxjXJ
Company insolvencies continue to rise... 📈
How are you managing your exposure to financial risk?
#predictiveanalytics#companywatch
https://t.co/FGsF62fGwd
Company insolvencies in England and Wales reached their highest quarterly level in Quarter 2 (Apr to June) 2022 since Quarter 3 (July to Sept) 2009.
➡️ https://t.co/LgtxVAgN4J
🎙️ The Bank of England has defended its intervention in the UK government debt market, saying it stepped in to avoid a £50bn fire sale of gilts that would have caused a self-reinforcing spiral, taking the UK to the brink of a financial crisis.
https://t.co/ieiSocK0AL
🎙️ Episode 27 is out now!
Mini budget, collapsing pound, August insolvencies, and cost of living crisis... listen now.
#duediligence#predictiveanalytics https://t.co/TE7oNx4B99
🎙️ Last week, the BoE announced the biggest increase in interest rates in over 25 years (1.25% to 1.75%).
There was also an average 30% increase in company insolvencies (across all sectors) in Q2 2022, compared to pre-pandemic Q2 2019 (link in thread).
https://t.co/1XUodgxjXJ
🎙️ Kirsten Tompkins, Market Analyst & Content Creator at @EY_Parthenon the strategy consulting arm of @EYnews joins the show to discuss EY's latest #profitwarnings report, 'The Oncoming Storm' Q2 2022 (link in thread).
#financialrisk
https://t.co/9wlOEp5FOh