Home > Uncategorized > Insolvencies up in 2016

Insolvencies up in 2016

Abandoned Factory Locked Gate

Thats until you read the fine print  and then beyond the headline you will notice that company insolvencies were actually down last year. All well and good but this was a rather sour note struck by the head of R3

“Despite a number of challenges for businesses in 2016 – the fall in the value of the pound since June’s EU referendum and the introduction of the National Living Wage among them –

On a technicality which im not really inclined to look up, I thought the minimum wage was compulsory but not the NLW?

Either way, I really do wonder how many decent businesses are really brought to their knees by paying this pretty basic level of requirement ?

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