Member Info for halfpenny

Meanwhile ahead of the chancellor's Wednesday speech..

Rachel Reeves says we must tell the world what an ‘absolutely fantastic’ country Britain is these days. Seriously?

Aye but it's the potential of the next 5 years that we're interested in here..

Https://www.telegraph.co.uk/business/2025/01/27/recession-fears-grow-companies-prepare-ramp-up-staff-cuts/

Rising insolvency has brought the litigation finance firm a wave of business opportunities according to its latest half-year financial results. Manolete Partners has reported a record 437 new case-investment opportunities in its half-year 2025 (HY 2025) financial results. The insolvency litigation funder has seen a wave of fresh business, as soaring inflation, supply chain complications, high interest rates and improving labour laws contribute to a ripe insolvency harvest. Manolete confirmed

So positive for FRP I had to post it twice

Https://www.telegraph.co.uk/business/2025/01/23/ftse-100-markets-latest-news-uk-economy-confidence-reeves/

Https://www.telegraph.co.uk/business/2025/01/23/ftse-100-markets-latest-news-uk-economy-confidence-reeves/

Begbies Traynor headlining front page of Saturday's Daily Mail 'Labour Taxes Leave Firms In Dire Situation'..

Opportunity here once again

Https://www.telegraph.co.uk/business/2025/01/23/ftse-100-markets-latest-news-uk-economy-confidence-reeves/

Trump euphoria won't last and reality will soon set in, beg must be drowning in new business just now and that's only going to increase exponentially.

UK unemployment rises to 4.4% after Budget in blow for Rachel Reeves

The results are clear in financial markets. The Government’s borrowing costs have surged so rapidly that economists believe the Chancellor has already wiped out the entire £9.9bn headroom against her own borrowing targets which she set out in October – meaning she will have to cut spending or raise taxes to meet her own rules.

Did my homework last year buying into beg and Frp which are two of few companies that'll benefit from the results of zero GDP which I suspect going forward through 2025 and beyond. Someone has to benefit, right?

Https://www.telegraph.co.uk/business/2025/01/12/we-face-return-1976-unless-reeves-changes-course/

Corporate insolvencies in the UK increased by 13% in November 2024 from the previous month, according to the latest data from the Insolvency Service.

US corporate bankruptcies hit 14-year high as interest rates bite.

Germany has reported its highest number of corporate bankruptcies since the global financial crisis of 2009, highlighting the increasing strain on businesses amidst rising costs, high interest rates, and diminishing state support.

Meanwhile in Ireland 875 corporate insolvencies were recorded last year - the highest number since 2016.

New figures from Deloitte show that SMEs continue to be the worst affected.

The services sector recorded the highest number of insolvencies, followed by hospitality and retail.

There was a significant increase in the retail and hospitality sectors, up 64% and 48%.

Leinster had the highest number of insolvencies last year with 677 - that is just under 80% of all insolvencies recorded.

The report lists a number of reasons for the high levels on insolvencies.

These include the higher cost of doing business for SMEs, the ending of the debt warehousing scheme, and limited working capital supports.

Unfortunately, the outlook is not much better for this year and Deloitte expects the insolvency figures to top 1,000 for 2025.

Insolvencies at highest levels in many European countries atm so UK will be a basket case going forward plenty of business for frp and the like..

Hoping it'll go lower so I can buy some more.

Business Bankruptcies in US Reach Highest Level Since 2010.