Refreshed guidance for trustees in challenging times

As widely reported in the media, the UK economy has been through significant turbulence recently.

Increasing inflation, interest rates and fuel / energy prices have impacted both businesses and the public alike. In addition, according to the Bank of England’s monthly ‘Money and Credit’ statistics, the level of debt taken on by UK businesses has increased during the pandemic which has reduced resilience and there has been an increase in borrowing by small and medium-sized enterprises.

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