The major headlines from the March 2020 Budget, including the main points of interest for the insolvency and restructuring profession

Every year, Talk Money Talk Pensions Week (18-22 November 2019) offers the UK an opportunity to discuss personal finances: our attitudes towards money, good (and bad!) habits, and hopes for the future. 

The publication of the World Bank’s Doing Business 2020 report has provided a reminder that progress is needed on corporate insolvency framework reform in the UK.

Between 2015 and 2018, the rate of young people (aged 18-24) entering a form of personal insolvency rose by 110%, while the number of personal insolvency cases among under 25s rose by 104%. Over the same period, the rate of personal insolvencies for people of all ages rose by 42%, and the total number of cases rose by 45%.