Since out last article we have been looking at the news and economic commentary with interest. Whilst we remain seriously concerned about the cost of living crisis and ever increasing pressures on UK Plc we allowed ourselves a moment of delight because we are not a lone dissenting voice criticising the actions of Andrew Bailey.

We are seeing more and more comments aligned with our views – particularly in light of his most recent comment blaming retires for fuelling inflation - and we have particularly enjoyed reading the views of Richard Murphy, the Professor of Accounting Practice at University of Sheffield Management School.

Whilst not yet close to pension age, those pensioners I speak to are, like the majority of the population, struggling with the cost of living crisis and using money from savings to pay their monthly bills - not throwing money at luxury and unnecessary purchases.

Why does Andrew fail to see this?

We live in hope that the MPC realises the perilous state of the economy that we are all facing but somehow, we remain unconvinced that they will.

In the meantime, if you are involved with, or know of any business or individuals that are struggling financially we suggest that you talk to us.

The directors of SKSi look at a formal insolvency process as the last resort – not the first. It is their long held belief – borne out with proven experience – that seeking advice at the first sign of financial pressures will lead to a more favourable outcome. Conversely, doing nothing and hoping the problem will go away is far more likely to lead to a call from the bank and an insolvency process.

We are always available for an initial zero cost assessment which can be arranged by contacting us.