The Co-op warns that 150,000 jobs and 60,000 small shops could disappear without urgent reform of business rates. With the Autumn Budget approaching, pressure is mounting on the Government to act.
The British Chambers of Commerce has warned that UK businesses cannot withstand further tax increases, urging Rachel Reeves to prioritise stability as confidence falls and employers delay hiring amid economic uncertainty.
Insolvency expert Molly Monks of Parker Walsh offers professional insight into the £122 million PPE Medpro court ruling, explaining the company’s insolvency status and potential personal liabilities for those involved.
A Manchester company has been shut down for acting as a front for unlicensed insolvency work, underscoring the need for businesses to use licensed professionals like Parker Walsh’s Molly Monks.
HMRC has increased its compliance wage bill to £1.5bn, with further staff recruitment planned as the government targets fraud and tax evasion to secure billions in additional tax revenue.
AO World boss John Roberts warns Britain risks recession, citing inflation, rising costs, and Labour’s workers’ rights bill. Business leaders fear tax hikes and rigid regulation are undermining investment and employment.
A new report warns 2,200 pubs in England and Wales could close next year, risking 12,000 jobs, unless the government extends tax relief and eases the burden of business rates.
UK construction insolvencies rose to 15.2% of all cases in July, with 3,973 firms collapsing in the past year. Analysts warn sector challenges remain amid costs, regulation and regional pressures.