Jump to content
House Price Crash Forum
Sign in to follow this  
SNACR

Task Force Launched On Insolvency

Recommended Posts

http://www.telegraph.co.uk/finance/finance...task-force.html

Don't like the sound of this or the way it's got Saint Vince on board to lend a cloak of impartial commonsense.

This bit re-iterates what I've been saying for a while about hear-no-evil, see-no-evil approach from banks, dam has to break at some point.

Though the rate of growth of companies flagged slowed quarter on quarter for the second time, Nick Hood, a partner at Begbies said that the outlook remained incredibly bleak. "The numbers have gone down because banks and private equity are failing to take action to avoid crystallizing losses and the Revenue is allowing companies lots of slack. Q3 will probably be quiet but the fourth quarter painful and Q1 2009 will be catastrophic."

Doesn't sound good for tax revenues either. If HMRC are soft-pedal, the rest of us will be obliged to make up the tax shortfall if basketcase companies should have been put out of their misery earlier. A lot is riding on the arrival of the much trailed but still unsubstantiated 'upturn'.

Share this post


Link to post
Share on other sites
...Q3 will probably be quiet but the fourth quarter painful and Q1 2009 will be catastrophic.

Q1 2009?

Have we not had that already?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.