Ian Defty, insolvency expert at CVR Global, believes easyJet’s decision to ground all of its flights amid reports of Virgin Atlantic allegedly seeking government support, strengthens calls for the Airline Insolvency Review to be broadened out. He said: “The ramifications of Covid-19 are starting to emerge in the air line industry, strengthening the argument for …
Continue reading “Airline Insolvency Review needs to spread its wings for wider analysis”
There has, quite rightly and very movingly, been a massive wave of support for all the front-line workers in the UK who are putting themselves at risk during the Coronavirus crisis to keep the public safe. That was underlined by this week’s Clap for Carers, which got a massive, and very emotional, response right across …
CVR Global’s insolvency expert Ian Defty reacts to the Government’s latest package of support aimed at the nation’s self-employed, and what it means for the sector. It is easy – as some people do – to level criticism at a government in times of national turmoil, and there are doubtless holes in Rishi Sunak’s package …
Continue reading “COVID-19: Reaction to the Self-Employment Income Support Scheme”
The Covid-19 pandemic poses a monumental challenge for UK businesses. No sector will be immune from cashflow difficulties caused by reduced demand, delayed supplies and from the knock-on effects of their customers facing financial difficulties. Much will now depend on how long the restrictions remain in place. Many businesses will be able to survive a …
As the whole business community reacts to the enormous challenge of responding to the Coronavirus (COVID-19) situation, we would like to let you know our plans to ensure business continuity for what could be a very challenging period. Protecting our people and clients We remain committed to the safety of our clients and our people. …
Businesses are being urged to err on the side of caution following a Budget that unveiled one of the biggest rounds of spending in British history. Chancellor Rishi Sunak has unveiled a £30 billion package to nurse the nation through the coronavirus threat – highlights of which include the temporary abolishment of business rates for …
Continue reading “Budget reaction: Firms risking future by only reading headlines”
The UK’s new points-based immigration system may be a fatal blow for the UK’s hospitality sector among others, says CVR Global’s insolvency expert Ian Defty, who is striving to answer the question that many hotels, restaurants and pubs will be asking themselves: how can we survive? The new points-based system is a watershed moment in …
The number of people employed in Britain increased by 180,000 in the last three months of 2019, according to the Office for National Statistics. This means that approximately 33 million people in the UK are now employed – a record high says the ONS – with the unemployment rate at the joint-lowest level since early …
Continue reading “Record employment figures shouldn’t mask cost of living”
The construction industry is showing signs of building itself back up again, says CVR Global’s construction insolvency expert Jason Maloney, who has revealed why he thinks the upcoming Budget will provide the shot in the arm that contractors and sub-contractors need. The latest Company Insolvency Statistics from the Insolvency Service offer a glimmer of hope …
Continue reading “Insolvency Stats Give Construction Industry Foundations To Build On”
A rising number of company failures isn’t always a bad sign for the UK economy, says Ian Defty, insolvency practitioner at CVR Global, who explains why he is looking at a post-Brexit world with renewed optimism. ‘Limbo’ has been the buzz word for so many businesses since the UK voted to leave the EU more …
Continue reading “Brexit must release bank lending for business”
