LETTER FROM LONDON: LABOUR’S FIRST BUDGET

LETTER FROM LONDON: LABOUR’S FIRST BUDGET

Ever since the Labour Party conference in late September there had been ominous rumblings that anything up to an additional £50 billion might be made available annually for infrastructure expenditure by the alchemy of ‘freeing up the rules on Treasury...
Collapsed company criminals face time behind bars

Collapsed company criminals face time behind bars

Sanctions against dodgy directors have been stepped up considerably this year: long disqualifications are now for the lucky ones, as prison becomes an increasingly favoured option for the Insolvency Service. This month, a former sole director of a ‘non-specialised...
Car dealers forced to slam on brakes

Car dealers forced to slam on brakes

Selling cars has never before seemed such a risky and complex business to be in, judging by recent failures large and small. Completely Motoring, with 165 staff across its 14 showrooms in 11 locations, is the latest group to enter administration and the list of...
Football’s finance bubble risks rights deflation

Football’s finance bubble risks rights deflation

The Jeremiahs who were quick to spot financial doom for the local authority and university sectors are already betting on the bloated football industry to deliver a string of administrations. This month alone has seen two major Scottish clubs, Rangers and Caley...
TGI Fridays rescue beats hospitality woes

TGI Fridays rescue beats hospitality woes

When leisure retailer and (at the time) brewer Whitbread brought TGI Fridays to the UK in the mid-1980s, hospitality was beginning an upheaval which has continued to this day – although possibly not for the same reasons expected by the FTSE100 giant. The key word here...