Impact of National Insurance rise starts to bite retail businesses, as RSM UK says policy reform needed

Impact of National Insurance rise starts to bite retail businesses, as RSM UK says policy reform needed

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Today’s company insolvency statistics shows that retail trade insolvencies were up 16% to 192 in May 2025 from the previous month (165) and up 20% year-on-year from 160 in May 2024. Gordon Thomson, restructuring partner at leading audit, tax and consulting firm RSM UK, said: “The latest figures show a marked…

Rise in hospitality insolvencies comes as a warning sign, says RSM UK - DRAM Scotland

This week’s company insolvency statistics show accommodation and food services insolvencies rose 6% from 277 in April 2025 to 295 in May 2025, reaching the highest monthly figure since November 2024. Insolvencies in the sector were also up 4% year-on-year. Saxon Moseley, partner and head of leisure and hospitality at RSM UK, said, “Today’s figures show the cost pressures and challenges faced by the hospitality industry are really starting to bit…