Company insolvencies down in Q4 2003

Statistics showing insolvencies in the fourth quarter 2003 are published today by the Department of Trade and Industry. (DTI)

COMPANY INSOLVENCIES

Bank of England raises rates

The Bank of England raised its main interest rate today for the second time in three months.

The quarter-point rise to 4 per cent was widely expected after recent official and survey data showed the economy was gathering momentum.

Audit change for SMEs has a bright side

Following the warning from the Forum of Private Business (FPB that new small-firm audit regulations could put directors' homes at risk, Paymaster General Dawn Primarolo has offered a more optimistic assessment.