60,000 expected to go bankrupt in 2005 October 31, 2005 Personal bankruptcies are rocketing. Figures from the Department of Trade and Industry (DTI) this week are expected to show that more people are being declared insolvent now than at the height of the 1992 recession. Capital Economics has forecast that there were 14,700 bankruptcies in the last quarter, 45 per cent more than in the [...]
Bank warns of hard times October 26, 2005 Bank of England governor Mervyn King has warned that the British economy is about to embark on a bumpy ride over the coming years after the stability enjoyed in recent times. At a hearing in front of a House of Lords parliamentary committee, King said people should not expect the Bank to “fine tune the [...]
‘Tiny’ brothers facing investigation October 17, 2005 The Mohsan Brothers face a possible claim from Grant Thornton following the accountant’s investigation into the Asian entrepreneurs’ insolvent IT company, Granville Technology. The brothers, who were once worth an estimated £175m, could also be barred from acting as directors of British companies if the Department of Trade and Industry (DTI) decides to bring a [...]