By Mr Bankruptcy 26th July 2023 The cost of living is continuing to make headline news. We often hear about how it impacting our households and individual pockets, but should it be a serious concern for businesses too? The impact of high inflation High inflation and comparatively low wage growth is making life difficult for […]
Read moreBy Mr Bankruptcy 22nd June 2023 There was a lot of speculation during lockdown that many businesses would struggle to survive once the economy opened up again and that insolvencies would increase. Since the end of lockdown, financial insecurity seems to have got worse and the general feeling is that an even greater number of […]
Read moreBy Mr Bankruptcy 23rd May 2023 With the Bank of England announcing that interest rates are rising again, to 4.5%, businesses must be cautious of the potential impact on them. Historical interest rates and what they meant The 0.25% increase in the base rate that was announced by the Bank of England on the 11th […]
Read moreBy Mr Bankruptcy 3rd April 2023 It seems a day doesn’t go by without being reminded how financially tough it is for businesses of any size. Many owners will be feeling financial pressure for the foreseeable future, so here are some ways you can reduce your business costs to help prevent getting into debt or […]
Read moreBy Mr Bankruptcy 1st February 2023 Having a budget always makes good financial sense, but when times are financially challenging a budget can have an added impact in helping you to identify, acknowledge and start tackling your financial problems. Now, more than ever, people are looking for ways to make the money they have go […]
Read moreBy Mr Bankruptcy 17th January 2023 Without doubt 2022 was one of the most financially challenges years that many businesses and individuals have experienced. Unfortunately, the predictions for 2023 don’t paint a much brighter picture. Here’s what some of the experts are saying. The 2023 outlook for businesses A report by JP Morgan claims that […]
Read moreBy Mr Bankruptcy 5th December 2022 Christmas is well known for being an expensive time of year but as many people are already struggling with the cost of living the extra cost burden of the holiday season will bring little joy. In fact, a recent report by Sky News suggested that two-thirds of adults are […]
Read moreBy Mr Bankruptcy 21st November 2022 Cashflow is vital for the survival of every business but as the financial squeeze continues to tighten, cashflow is likely to be impacted. Businesses need to plan for that situation now. What’s happening with cashflow? Research from Barclays showed that 58% of SMEs and 94% of medium-sized enterprises are […]
Read moreBy Mr Bankruptcy 31st October 2022 If you run a business, you’re probably used to feeling that managing finances is a rollercoaster ride; there are plenty of ups and down and on occasion you feel like everything’s coming off the rails. This takes its toll at the best of times, but it’s even worse when […]
Read moreBy Mr Bankruptcy 20th October 2022 It seems as though a day doesn’t go by without the news reporting how bad the financial situation is likely to get. For many people this persistent messaging is becoming overwhelming, highlighting the importance of addressing debt difficulties for mental as well as financial wellbeing. The impact of financial […]
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