Walsall Latest News (West Midlands, United Kingdom)

Jeetly a new UK-based clothing brand for petites, asks its customers to choose which garments to take into production. Jeetly has introduced 'IN or OUT', an innovative concept which means Jeetly customers are involved in the Brand’s direction.

Happy New Year! A survey carried out by Markit last month showed that 43% of households expect their finances to worsen this year against 24% who expect their finances to improve.

Yellow taxis Walsalll have become the first taxi company in the west midlands to launch a travel blog to advise passengers on how to get a better deal when using taxis.

Research released today from Tradeshift finds that 13% of invoices issued by UK small businesses remain unpaid every year, causing a £1.4tr black hole in the economy.

Around one in five of those retiring this year will have debt averaging over £31,000 according to recent figures issued by Prudential.

Forgive the summary of the agenda of Davos below, I feel it is important to put my article in context.

Jeetly a new UK-based clothing brand for petites, asks its customers to choose which garments to take into production. Jeetly has introduced 'IN or OUT', an innovative concept which means Jeetly customers are involved in the Brand’s direction.

Small businesses are experiencing significantly higher levels of distress compared to larger businesses according to R3’s latest business distress index.

Happy New Year! A survey carried out by Markit last month showed that 43% of households expect their finances to worsen this year against 24% who expect their finances to improve.

My blog last week about Tracey raised quite a few comments. Do we even know how many DMP’s there are out there and how much unsecured debt there is tied up in them?

I had a call from Tracey last week. Tracy explained that her husband (Neil) and she had been in a DMP (Debt Management Plan) for around six years. Neil's accountant had suggested she call us.

Yes, G4S got things seriously wrong with their Olympic security shambles.

Recent figures show that the Eurozone jobless in July exceeded 18 million for the first time.

With effect from 1st January 2013 IFA’s (Independent Financial Advisers) will no longer be able to draw commissions from customers.

is planning changes to the PAYE system that should help them identify underpayment much quicker......

Figures issued last week by the Office of National Statistics (ONS) showed that employment had increased at a time when the second quarter has come in with a preliminary GDP figure of negative 0.7. What are we to believe?

We are now being told that better than expected construction figures may well mean that the second quarter GDP figures published last month will be revised upwards.

Recently the Eurozone approved the terms of a loan of up to 100bn Euros to re-capitalise Spanish banks but the crisis continues.

Up to 15 major corporations are looking to relocate back to the UK following changes in tax rules.

Recent data in shows that the State borrowed more in June this year than it did in 2011.

Following on the from latest fudge from the Eurozone leaders the Finnish finance minister, Jutta Urpilainen said her country was not prepared to keep the Euro “at any cost”.

The UK and the Eurozone have all published recent figures that show manufacturing output slumping at a very disappointing rate.

Payday Loan Company ‘Wonga’ are now making loans available to businesses.

The Eurozone is braced for a further bout of austerity despite pledges from political leaders to boost growth policies after the European Commission predicted at least 9 of 17 member countries would fail to meet spending targets next year.

Spain’s King Juan Carlos has recently shown his complete inability to grasp the crisis at home by taking a holiday in Botswana to shoot elephants and other exotic animals.

The Office of Fair Trading (OFT) has estimated commercial fee charging debt management companies (DMC’s) make £250 Million a year from over-indebted clients.

Recent data, particularly from the construction industry has put the UK on course for double dip recession for the first quarter of 2012

Business failures are set to rise by up to 10% over the next 2 years according to a study by BDO LLP recently.

The High Court has recently ruled that untouched private pension pots of undischarged bankrupts can be used to pay off creditors.

Germany and France have moved towards a bruising and potentially destabilising showdown on how to tackle the European debt crisis.

Unemployment in Spain has hit almost 25% amidst concerns that the countries banking sector may need a huge €120 Billion bailout before the end of the year.

British house prices have risen by 50% since 2001 according to LloydsTSB analysis of best performing international housing markets. This ranks the UK 13th in the table.

Europe’s biggest banks could see the amount of capital they are required to hold in reserve more than double.

Company insolvencies were up 7.4 per cent during the final report of last year in England and Wales compared to the same period in 2010.

The High Court recently judged that the liquidator of a company had been wrong to pursue two companies’ directors for wrongful trade

George Osborne has recently been reported that his objective is to reduce corporation tax to 20% which is significantly lower than other Western economies and would be great for UK business.

The Greek ‘debt deal’ has now been secured which kicks the problem firmly up the road. In immediate terms this should have a massive positive effect for the EU and this has avoided a huge disorderly default.

Yellow taxis Walsalll have become the first taxi company in the west midlands to launch a travel blog to advise passengers on how to get a better deal when using taxis.

Corporate insolvencies down 3.7% compared with Q1 2011 according to the Graydon UK Insolvency Predictor

Research released today from Tradeshift finds that 13% of invoices issued by UK small businesses remain unpaid every year, causing a £1.4tr black hole in the economy.

The cost of winding up small businesses will increase considerably from March as a result of new legislation.

New figures show that the number of law firms in distress has risen dramatically.

The Insolvency Practitioners Association (IPA), the membership body and regulator for those specialising in insolvency practice.

A recent survey of R3’s members found that on average, 28% of potential trading administrations are now pre-packed or liquidated because of the expenses regime.

Companies which could have been rescued face the prospect of closure and unnecessary job losses because of a Government refusal to introduce new laws.

Government proposals to overhaul the pre-pack insolvency sales process have now been dropped, to the dismay of business bodies.

Portugal’s borrowing costs declined at a successful auction of €1.5bn of shorter-term government debt.

Confusion over the payment priorities of administrators of collapsed businesses is resulting in job losses and company liquidations, insolvency practitioners have warned.

Government proposals to overhaul the pre-pack insolvency sales process have now been dropped, to the dismay of business bodies.

Most of the staff at a Liverpool-based environmental charity are to lose their jobs, it has been announced.

At the recent CBI Conference, 70pc of business leaders polled claimed that prospects have grown bleaker given the recent European crisis.

Public sector workers planning to strike later this month could cost the economy at least £100 Million experts have warned.

"Well known among the best and most reliable Walsall estate agents, Redstones letting agents offer golden opportunity to people with strong sales and property management skills to buy their lettings franchise."

"Sunny Electricals is a reliable electrical supplier for supply of unique, quality and genuine variety of products like Mira showers, hand dryers and smoke alarm."