With inflation reported at less than the Bank of England’s 2{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} target for the last 2 years, does this mean the economy is continuing to stagnate?
Reports issued by the ONS states that the most downward pressure on the inflation rate is caused by the transport sector, with price changes for items such as road passenger transport, second-hand cars and bicycles.
Toothpaste and other personal care products have additionally experienced a price decrease. In contrast though, vegetables and dairy products have gone up and made up for those declines.
Recent Insolvency statistics showed that both corporate and personal insolvencies were reducing, which again often indicates a stuttering economy.
At T H Financial Recovery we assist both individuals and businesses in financial difficulty, handling work including:
Business Assessment and Restructuring, New Funding Options, Creditor negotiation and time to pay arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation, Bankruptcy.