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Corporate insolvencies rose sharply in England and Wales in the second quarter of this year according to official data. Voluntary liquidations reached their highest quarterly level since at least 1960. Do the panel believe this is an expected trend, and how will affect the property?
The Commercial Rent (Coronavirus) Act 2022 helped resolve certain remaining commercial rent debts accrued during the pandemic. The closing date is 23 September to refer to arbitration by 26 August at the latest as the pre-arbitration steps can take up to 28 days. Do the panel expect the arbitration process to be extended by the government?New data shows small businesses received £21.3 billion in COVID-19 local authority business support grants. With these grants and the imminent commencement of bounce back loans, what impact to the panel think this will have across the property market in terms of business failures?
With UK inflation set to reach a 40-year high of 11% or more in the autumn, and predictions of rising interest rates and recession, facilities management financial officers and treasury teams may be concerned with the implications for financing. Do the panel foresee facility management services being impacted, resulting in a drop of support services across UK portfolios?
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