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Mortgage and Property experts react to today's BoE interest rate decision

Mortgage and Property experts react to today's BoE interest rate decision
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Unlocking private sector investment in power transmission

Unlocking private sector investment in power transmission
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Transcripts for BBCNEWS World Business Report 20240604 05:36:00

So. ., ~ , ., well there are growing fears that 2023 could see a wave of company insolvencies as higher costs, reduced consumer demand and withdrawal of government support measures combine to kill off struggling firms. in the uk the number of companies in critical financial distress jumped by 36% in the last three months of 2022 according to insolvency experts begbies traynor, with an increasing number of company owners reporting what they re calling director fatigue . the boss of the uk s biggest business lender natwest has been speaking to our business editor simonjack about the challenges. many businesses are coping with the here and now and obviously there are different pockets of businesses who are surviving and doing well but we are not seeing a lot of long term investment at the moment. that is reflected in the very, very low confidence levels that you see. for me that is a real

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Transcripts for BBCNEWS BBC News 20240604 09:22:00

And misdiagnosis, very short sighted of the government, but am i might surprise? no, i m not. of the government, but am i might surprise? no, i m not. surprise? no, i m not. thank you very much surprise? no, i m not. thank you very much for surprise? no, i m not. thank you very much for your surprise? no, i m not. thank you very much for your time. - there are growing fears that 2023 could see a wave of firms collapsing as higher costs, reduced consumer demand, and the end of government support measures overwhelm businesses. in the uk, the number of companies in critical financial distress jumped by more than a third in the last three months of 2022 that s according to insolvency experts begbies traynor. an increasing number of business owners report what they re calling director fatigue . the boss of the uk s biggest business lender, natwest, has been speaking to our business editor simonjack about the challenges. a lot of businesses are coping with the here and now. obviou

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Transcripts for BBCNEWS Breakfast 20240604 06:12:00

A firefighter remains in a critical condition in hospital, following a major fire in edinburgh yesterday. 22 crews were called to the blaze at the former jenner s department store building, which has been undergoing a major restoration. vincent mcaviney has the details. for other firefighters were ta ken for other firefighters were taken to hospital. there are fears that thousands of companies could go bust this year, as the cost of living crisis continues. new figures suggest that the number of uk firms which are struggling or in critical financial distress has jumped by more than a third, with companies facing higher costs, reduced consumer demand and the withdrawal of government support measures. a scheme offering people cheaper bills if they cut their electricity use at peak times will be offered again today. it will kick in between 4:30 and 6pm this evening for customers with smart meters. you can get involved by contacting your supplier and asking to sign up to the scheme. the ai

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