Bank of England raises interest rates to 4.5%
Rate increases for 12th time since December 2021.
ACCA calls for action to tackle late payment
Poor payment practices have severe consequences for SMEs.
SME confidence increases in 2023
Confidence improves across all major sectors.
Tax take soars by almost 10%
Total receipts for 2022/23 hit £786.6 billion.
Company insolvencies rose by 37.7% in March
Insolvencies are higher than pre-pandemic levels.