The number of compulsory liquidations in the UK surged to a decade-high last year thanks to a late-year spike after Red Reeves’ record-breaking tax hikes in the Budget, according to HMRC. In 2024, the courts forced 3,230 companies to shut down, including 273 in December. A 53% increase from the same month in 2023…
Addleshaw Goddard partner Tim Cooper pointed the finger at the Chancellor, saying the budget was one of the “tipping points” for businesses. Meanwhile Reeves has said she’ll reveal multi-year spending plans for government departments in June. Spending cuts – including disability benefits cuts she fought so hard against in Opposition – are expected. Guido doubts Reeves will use this latest report at Davos to prove how well her measures are going down. She’ll be left clutching at straws…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”