Saturday. 25 May 2013

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Business

Commentary: how ‘zombies’ and ‘phoenixes’ stalk UK economy

Figures for corporate insolvencies are lower than we might expect at this stage in a recessionary cycle, writes the Insolvency Practitioners Association’s chief executive. But this downturn and recovery has a markedly different shape and length compared with previous recessions. The inaugural Exaro Insolvency Index last week showed that the number of UK companies going into administration or receivership is falling this year. Exaro Insolvency Index.

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UK

Scotland’s Lord Advocate challenged over remarks on Lockerbie

Scotland’s most senior law officer has been challenged to withdraw dismissive comments about allegations over the investigation and trial of the Lockerbie bombing. Campaigners for a public inquiry to re-open the case have issued a stinging rebuke to Frank Mulholland, Lord Advocate and head of the Crown Office, Scotland’s prosecuting authority, over his handling of their allegations of criminal conduct in the original case.

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UK

Capita contract for court interpreters veers towards ‘collapse’

Interpreters are warning that the huge private contract to provide translation services for courts in England and Wales is on the brink of collapse. It comes as court interpreters are refusing to work after Capita, the outsourcing giant that took over the contract, slashed their travel expenses. Hearings are being held up as court officials scramble to find replacements.

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