Welcome to the winter edition of our Restructuring & Insolvency bulletin.
2017 was generally regarded as a challenging year for the UK economy. Signs of darkening clouds emerging included a warning from the Bank of England last April about the rapid growth of consumer borrowing in Britain. In November the Organisation for Economic Cooperation and Development forecast that the UK would experience weak economic growth over the following two years, with the UK sitting bottom of the G7 group of countries in terms of economic growth over this period. Britain’s poor productivity levels have continued to attract attention from economists. And after a prolonged debate, we also saw the first interest rate rise from the Bank of England in over a decade last November.
The omens are not necessarily positive then and the last few months have already witnessed a number of high profile casualties - amongst them Toys ‘R’ Us, Palmer & Harvey and Carillion. It's no surprise that many are predicting a busy year ahead for R&I professionals.
With the above in mind, in this bulletin we have selected a list of recent articles written by our Restructuring & Insolvency specialists which we expect will be of interest to you. We hope you enjoy reading these articles and would be delighted to hear from you on any points arising from them. Links to these articles can all be found below.
And if you like what you read, we have as previously produced a sister publication for our Banking & Finance clients. Click here to read more.
Tim Carter