Secretary of state for business Kwasi Kwarteng has confirmed that HMRC will be taking a ‘cautious approach’ on the collection of tax arrears accrued by companies during the pandemic but states that a return to the normal insolvency process is vital 

The Insolvency Service has wound up five different companies and disqualified a director after they collectively claimed nearly £500,000 in fraudulent covid-19 businesses support  

The price of insurance cover for directors is soaring as premiums have more than doubled from £22,000 to £48,000 in the last year due to the anticipated risk of company failures