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R3 News

The following information is provided by R3: News and information on insolvency, restructuring and stories from business recovery specialists.

Review of insolvency regulation announced – R3 response

Posted on: 12.07.19
Commenting on the launch of a review of the regulatory framework for the UK’s insolvency practitioners, Duncan Swift, President of the insolvency and restructuring... <a href="">Read more</a>

HMRC insolvency cash grab a ‘bad deal’ for UK

Posted on: 11.07.19
Government plans, confirmed in today’s draft Finance Bill, are a “bad deal” for UK businesses and the taxpayer, says insolvency and restructuring trade... <a href="">Read more</a>

Government Breathing Space announcement – R3 response

Posted on: 19.06.19
Duncan Swift, President of insolvency and restructuring trade body R3, responds to today’s announcement that the Government is moving ahead with plans to introduce... <a href="">Read more</a>

Three in ten British adults spent more than they received in income in the past month

Posted on: 14.05.19
Three in ten (28%) British adults ran a ‘deficit budget’ in the past month, spending more during the month than they received in income, according to new... <a href="">Read more</a>

Airline Insolvency Review – Proposals do not overcome challenges

Posted on: 09.05.19
Commenting on the publication of the Airline Insolvency Review’s final report, Duncan Swift, president of insolvency and restructuring trade body R3, says:... <a href="">Read more</a>

Credit Strategy News 

The following information is provided by Credit Strategy: News and information for the UK's commercial and consumer credit industry.

HMRC crown preference changes “bad deal”, says R3

Posted on: 12.07.19

The incoming restoration of HMRC’s crown preference status in insolvencies is a “bad deal” for UK businesses and the taxpayer, says insolvency and restructuring trade body R3...

Deutsche Bank announces 18,000 jobs cut in restructure

Posted on: 11.07.19

Deutsche Bank is to cut around 18,000 jobs worldwide as it seeks to “become more profitable, improve shareholder returns and drive long-term growth”.

Although it has yet to...

William Hill branch closures risks 4,500 jobs

Posted on: 10.07.19

Bookmakers William Hill is consulting on the closure of 700 branches across the UK, putting around 4,500 jobs at risk.

It comes after the government’s decision to reduce the maximum...

Treasury reveals final Breathing Space plans

Posted on: 26.06.19

The Breathing Space scheme will protect individuals in problem debt, while those experiencing mental health issues will receive further protections as they undergo treatment.


Construction firm Kier to cut 1,200 jobs

Posted on: 21.06.19

Construction and services firm Kier is to cut 1,200 jobs as it seeks to make cost savings of £55m a year by 2021.

The troubled business said it will look to “simplify” its structure and...

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