More than 2,000 UK road haulage companies entered insolvency between 2021 and 2025, almost double the total recorded in the previous five-year period, according to parliamentary data. The figures show 2,051 insolvencies in 2021–2025, up from 1,068 in 2016–2020 in the SIC 49410 category, freight transport by road. Put another way, the UK lost road haulage firms at an average of almost eight insolvencies a week over those five years.
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U.K. businesses polled in March expected to raise their prices at a slightly faster rate than they did prior to the conflict in the Middle East, while wage increases were seen slowing, according to a Bank of England survey released on Thursday, the Wall Street Journal reported. Some 2,004 chief financial officers were questioned between March 6 and 20, with energy prices having jumped after the attacks on Iran in late February.
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The field of suitors for British aerospace and defence supplier Senior Plc narrowed after private equity firm Arcline Investment Management dropped out of buyout talks on Wednesday, though negotiations with other bidders remained ongoing, Reuters reported. Senior, whose shares are only marginally up as of 0815 GMT, declined to comment in response to a Reuters request. The firm is the latest in a list of U.K. companies that American PE firms are interested in taking over at a time when defence spending has significantly increased as geopolitical tensions flare up across the globe.
The Bank of England said on Wednesday that the Iran war had dealt "a substantial negative supply shock" to the world economy, increasing the danger that pre-existing threats to financial stability materialize, Reuters reported. The BoE said the prospect of weaker growth and higher inflation and borrowing costs raised the chance of risks crystallising simultaneously in government debt markets, private credit and the valuations of U.S. tech giants. "The conflict has made the global environment materially more unpredictable and followed a period in which global risks were already elevated.
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Gareth Sowter, 51, of Lower Road, Great Amwell, was declared bankrupt in April 2021 after failing to pay more than £100,000 to the prep school attended by his three sons, the Royston Crow reported. He promised to use a sizeable inheritance to settle the debts, but instead transferred more than £100,000 to his friends and family, breaking insolvency laws. Sowter was jailed for two years and two months at the Old Bailey on Thursday (March 26) after pleading guilty to offences under the Insolvency Act 1986.