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Monday, 23 August 2010

Public sector suppliers entering insolvency

The chief economist at the Policy Exchange think tank has said that he thinks that inflation will rise markedly in the next two years, pushing interest rates to 8%. Predicting inflation and interest rates is a very difficult thing to do, but one thing is for sure is that it is going to be a difficult two years. Government austerity measures are unlikely to feed inflation but it might be the case that once the pain is out of the way they will want to spend again.

The Guardian published a survey today showing that the number of public sector suppliers entering insolvency has gone up by 50% over the last 6 months!

Here is a thought – If your business is struggling but you still have decent government contracts, are the contracts automatically terminated if you enter administration and continue to trade as a going concern?

Please look at our site for information on the different types of insolvency and what the options are.

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