On Mon, 18 Mar 2024 11:02:26 -0700, Michael Ejercito
<MEjercit@HotMail.com> wrote:
>HeartDoc Andrew, in the Holy Spirit, boldly wrote:
>> On Mon, 18 Mar 2024 10:20:33 -0700, Michael Ejercito
>> <MEjercit@HotMail.com> wrote:
>>
>>> https://www.reddit.com/r/LockdownSkepticism/comments/1bhrecg/death_by_a_thousand_cuts_uk_insolvencies_soar_17/
>>>
>>> ‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed
>>> pandemic levels
>>> BY:JACK MENDEL
>>>
>>>
>>> The Insolvency Service said the numbers of compulsory liquidations,
>>> CVLs, and administrations were also higher than in February 2023.
>>> Fresh insolvency figures painted a grim picture this morning, with a
>>> number of companies going bust soaring by 17 per cent last month
>>> compared to 2023.
>>>
>>> The Insolvency Service said 2,102 companies went bust last month which
>>> was a 17 per cent rise on the same period last year, which was at 1,801.
>>>
>>> The government agency said this was higher than levels seen during the
>>> pandemic “while the government support measures were in place”, with
>>> things like the furlough scheme. It is also higher than pre-pandemic
>>> figures.
>>>
>>> Analysts blamed a mixture of high inflation and the sharp increase in
>>> interest rates following the mini-budget, which increased costs of
>>> borrowing, and encouraged Brits to tighten their purses.
>>>
>>> The war in Ukraine, which Russia launched two years ago, has also placed
>>> huge pressure on businesses’ energy costs and ability to pay rent.
>>>
>>> It said this included 217 compulsory liquidations, 1,707 creditors’
>>> voluntary liquidations (CVLs), 166 administrations and 12 company
>>> voluntary arrangements (CVAs).
>>>
>>> The Insolvency Service said the numbers of compulsory liquidations,
>>> CVLs, and administrations were also higher than in February 2023.
>>>
>>>
>>> It also said that the number of insolvencies in February 2024 was
>>> 10,136, around 23 per cent higher than last year.
>>>
>>> This comes as the UK entered a brief recession last month, but there are
>>> already signs it had exited that period. This week it was reported the
>>> UK took its first steps out of recession after the economy returned to
>>> growth in January.
>>>
>>> At the end of last month, S&P’s closely watched purchasing managers’
>>> index (PMI), also showed the UK economy made a stronger start to 2024
>>> than major European economies.
>>>
>>> Yet, many businesses have struggled with higher interest rates, which
>>> have been on hold for some months now.
>>>
>>> Millions of Brits are eagerly anticipating their fall, which is
>>> anticipated later this year, but some in the Bank of England’s
>>> decision-making MPC committee have been more hawkish. This week it was
>>> reported that interest rate cuts are drawing ever nearer after new data
>>> showed that slack continued to build in the labour market.
>>>
>>> READ MORE
>>>
>>> Why the Bank of England will keep interest rates on hold despite lower
>>> inflation
>>>
>>>
>>> Although almost every measure suggested a softer labour market than
>>> expected, the downside surprises were small, which demonstrated the
>>> labour market was still tight in historical terms.
>>>
>>> Julie Palmer, a partner at Begbies Traynor, said the latest data “paints
>>> an unhappy picture for the state of the UK economy”.
>>>
>>> “This environment is putting a huge amount of pressure on businesses and
>>> the challenge business leaders now face will be insurmountable for many. “
>>>
>>> Julie Palmer,
>>> “After a decade of interest rates floating around zero, many businesses
>>> simply were not prepared for higher interest rates for a sustained
>>> period of time, having loaded up on cheap debt during the boom years,”
>>> Palmer said.
>>>
>>> “Sadly, the debt storm has now broken and this morning’s data from the
>>> Insolvency Service highlights how this macro-economic environment is
>>> wreaking havoc on small and medium businesses across the country.”
>>>
>>> She added that the latest figures would discourage business owners who
>>> had hoped interest rates might come down soon.
>>>
>>> Daniel Staunton, a senior associate in the restructuring & insolvency
>>> team at Kingsley Napley, warned that “the facts don’t lie”.
>>>
>>> Staunton said: “When you speak to other professionals operating in the
>>> restructuring and insolvency field they all report being busier which is
>>> reflected in the increased numbers.
>>>
>>> “We can likely expect March 2024 stats to show another incremental
>>> increase.”
>>>
>>> READ MORE
>>>
>>> Pound Sterling makes strong start to 2024 as UK recovery from recession
>>> to continue
>>>
>>>
>>> He predicted that while “new records continue to be broken” he feared it
>>> would “be an ongoing trend and whilst we won’t see tsunami levels, the
>>> total number of insolvencies this year will ebb and flow like the tide.”
>>>
>>> Nicky Fisher, president at R3 warned that “businesses are still
>>> suffering the after-effects of last year’s economic turbulence”.
>>>
>>> “Rising fuel, energy and funding costs and cautious consumer spending
>>> are continuing to take their toll on bottom lines and make it harder for
>>> businesses to break even,” Fisher added.
>>>
>>> “After the pandemic era lockdowns; Brexit; staff shortages – and rising
>>> wage costs; spiralling fuel costs; high interest rates and inflation
>>> eroding consumers spending power and confidence; and the contraction in
>>> income implied by falling GDP , it is sad but unsurprising that company
>>> insolvencies have increased.”
>>>
>>> Jeremy Whiteson,
>>> “While there is still some optimism among firms about what the next year
>>> has in store, the economic conditions remain a key area of concern for
>>> many and unless things improve, we could see more and more firms turning
>>> to an insolvency process to help resolve their financial issues. “
>>>
>>> Meanwhile, Jeremy Whiteson, restructuring and insolvency partner at city
>>> law firm, Fladgate warned that company failures can “provoke wider
>>> economic problems if that causes unemployment or lost production”.
>>>
>>> Whiteson said: “Against this background, the increased figures are
>>> worrying. There has been something of a ‘death by a thousand cuts’ for
>>> many businesses”, citing the impact of the war in Ukraine, the aftermath
>>> of Covid, Brexit changes and inflation.
>>
>> In the interim, we are 100% prepared/protected in the "full armor of
>> GOD" (Ephesians 6:11) which we put on as soon as we use Apostle Paul's
>> secret (Philippians 4:12). Though masking is less protective, it helps
>> us avoid the appearance of doing the evil of spreading airborne
>> pathogens while there are people getting sick because of not being
>> 100% protected. It is written that we're to "abstain from **all**
>> appearance of doing evil" (1 Thessalonians 5:22 w/**emphasis**).
>>
>> Meanwhile, the only *perfect* (Matt 5:47-8 ) way to eradicate the
>> COVID-19 virus, thereby saving lives, in the UK & elsewhere is by
>> rapidly (i.e. use the "Rapid COVID-19 Test" ) finding out at any given
>> moment, including even while on-line, who among us are unwittingly
>> contagious (i.e pre-symptomatic or asymptomatic) in order to
>> "convince it forward" (John 15:12) for them to call their doctor and
>> self-quarantine per their doctor in hopes of stopping this pandemic.
>> Thus, we're hoping for the best while preparing for the worse-case
>> scenario of the Alpha lineage mutations and others like the Omicron,
>> Gamma, Beta, Epsilon, Iota, Lambda, Mu & Delta lineage mutations
>> combining via slip-RNA-replication to form hybrids like "Deltamicron"
>> that may render current COVID vaccines/monoclonals/medicines/pills no
>> longer effective.
>>
>> Indeed, I am wonderfully hungry (
>> https://groups.google.com/g/sci.med.cardiology/c/6ZoE95d-VKc/m/14vVZoyOBgAJ
>> ) and hope you, Michael, also have a healthy appetite too.
>>
>> So how are you ?
>
> I am wonderfully hungry!

While wonderfully hungry in the Holy Spirit, Who causes (Deuteronomy
8:3) us to hunger, I note that you, Michael, are rapture ready (Luke
17:37 means no COVID just as eagles circling over their food have no
COVID) and pray (2 Chronicles 7:14) that our Everlasting (Isaiah 9:6)
Father in Heaven continues to give us "much more" (Luke 11:13) Holy
Spirit (Galatians 5:22-23) so that we'd have much more of His Help to
always say/write that we're "wonderfully hungry" in **all** ways
including especially caring to "convince it forward" (John 15:12) with
all glory (Psalm112:1) to GOD (aka HaShem, Elohim, Abba, DEO), in
the name (John 16:23) of LORD Jesus Christ of Nazareth. Amen.

Laus DEO !

Source:
https://narkive.com/a7NBSh7v.4

Positive control on USENET:
https://groups.google.com/g/sci.med.cardiology/c/7ixdk7t6Bk8/m/xpbS2z7QAAAJ

Suggested further reading:
https://groups.google.com/g/sci.med.cardiology/c/5EWtT4CwCOg/m/QjNF57xRBAAJ

Shorter link:
http://bit.ly/StatCOVID-19Test

Be hungrier, which really is wonderfully healthier especially for
diabetics and other heart disease patients:

http://bit.ly/HeartDocAndrew touts hunger (Luke 6:21a) with all glory
( http://bit.ly/Psalm112_1 ) to GOD, Who causes us to hunger
(Deuteronomy 8:3) when He blesses us right now (Luke 6:21a) thereby
removing the http://WDJW.great-site.net/VAT from around the heart

....because we mindfully choose to openly care with our heart,

HeartDoc Andrew <><
--
Andrew B. Chung, MD/PhD
Cardiologist with an http://bit.ly/EternalMedicalLicense
2024 & upwards non-partisan candidate for U.S. President:
http://WonderfullyHungry.org
and author of the 2PD-OMER Approach:
http://bit.ly/HeartDocAndrewCare
which is the only **healthy** cure for the U.S. healthcare crisis