The UK chancellor is being urged to ease the charge of business rates after figures show councils are sending bailiffs to 310 companies a day over arrears. An investigation by the real estate adviser Altus Group have found that councils have sent bailiffs to more than 78,000 companies across England, these companies were struggling to…
Thomas Cook have gone into liquidation after last minute negotiations to save the company failed. The UK Civil Aviation Authority (CAA) said the tour operator had “ceased trading with immediate effect”. Peter Fankhauser, Thomas Cook’s chief executive, said the tour operator’s closure was a “matter of profound regret”. Fankhauser said executives had “worked extensively”…
The government will fly UK holidaymakers home if the firm collapses, the foreign secretary says. BBC News – Business
The Met Police says catalytic converter thefts almost doubled due to precious metal prices rising. BBC News – Business
Shares in Thomas Cook have fallen by 20% on Friday after it issued a statement confirming it needed to find an extra £200m to help a financial hole. The travel company could fall into administration this weekend unless they can find £200m in extra funds needed to secure its future. Banks, including RBS and Lloyds,…
The troubled travel firm must find £200m in extra contingency funds before banks will agree a deal. BBC News – Business
bethkent ✅
Craig Taylor