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The Supreme Court today ruled in favour of small firms receiving payments from business interruption insurance policies, with up to 370,000 small businesses set to benefit from the pay-outs. The UK economy has edged towards a double-dip recession, after official November GDP figures confirmed another slump fuelled by the second national lockdown. GDP fell 2.6% in November, less than analysts had forecast, but still leaves the economy 8.5% below pre-pandemic levels. Nick and Jo give a more detailed, sectoral breakdown of the figures with one industry returning to a pre-pandemic output level. Also covered in the episode are the consultations about filings at Companies House. These consultations are aimed at reducing fraud through misuse of UK companies and improving the information about companies held at Companies House.
By Company WatchThe Supreme Court today ruled in favour of small firms receiving payments from business interruption insurance policies, with up to 370,000 small businesses set to benefit from the pay-outs. The UK economy has edged towards a double-dip recession, after official November GDP figures confirmed another slump fuelled by the second national lockdown. GDP fell 2.6% in November, less than analysts had forecast, but still leaves the economy 8.5% below pre-pandemic levels. Nick and Jo give a more detailed, sectoral breakdown of the figures with one industry returning to a pre-pandemic output level. Also covered in the episode are the consultations about filings at Companies House. These consultations are aimed at reducing fraud through misuse of UK companies and improving the information about companies held at Companies House.