This year will be a very difficult one for retailers, the British Retail Consortium (BRC) has predicted.

The UK economy will continue to be weak as a number of factors collude to prevent it growing with much speed, an expert has predicted.

Insolvency lawyers could be very busy in the new year as the retail sector faces a large number of struggling traders going to the wall, it has been predicted.

Banks are still substantially disconnected from businesses despite the efforts of the government, it has been claimed.

Nearly a third of the jobs lost in England and Wales in the past year were caused by company insolvency, it has been revealed.

Bankruptcy proceedings will be sped up under proposed new rules the government is looking to introduce.

The process by which firms go through the insolvency law process is to be investigated by the Office of Fair Trading (OFT).

Insolvency figures in the UK are expected to hit record high levels when statistics are released later today.

A jump in insolvencies is likely to occur in the next year, according to corporate recovery specialists Begbies Traynor.

Many small businesses are still at risk of becoming insolvent, due to the continuing lack of credit, it has been warned.