Companies across Europe have written off 300bn euros (£261m) of money owed to
them because of late payments.
The businesses, trying to weather the recession, have been put under greater
pressure because of the issue.
The amount of debt written off has increased by eight per cent since last
May, according to credit management company Intrum Justitia.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies