People across the UK are currently facing new financial concerns as the cost of living continues to increase. A recent study revealed that four in ten UK employees listed money as their biggest worry, and 65% of respondents would like more financial support from their employers.
Following news of an 18 month high in registered company insolvencies , Purbeck Personal Guarantee Insurance, the UK’s only provider of personal guarantee insurance is urging the owners of small and medium sized businesses to ensure their personal assets such as their home, bank account and savings, are protected if their business should become insolvent.
The United Kingdom (UK) left the European Union (EU) on 31st January 2020 with a Withdrawal Agreement and subsequently entered into a transitional period which ended on 31st December 2020. The UK Government has announced that discussions with the EU to agree the terms of the future relationship between the two have been successful, and a trade deal has been confirmed. However, not all of the details are fully known.
We’re all doing the best we can to look after ourselves, our families and our businesses during the coronavirus pandemic and the social distancing rules put in place to stop the spread of the virus and keep us all safe.
With the challenges of managing home-schooling and looking after your family, financial pressures and worries about coronavirus itself, it’s quite understandable that your mental health and wellbeing is perhaps not top of the list.