Business insolvencies have soared in England and Wales as Government Covid-19 support recedes and firms struggle against economic headwinds. Restructuring experts, who report bumper demand, say soaring business costs and consumer weakness in the cost of living crisis are taking a heavy toll. They anticipate insolvency rates will remain elevated for some time. Hudson added: ‘These levels of insolvency reflect the constant barrage that businesses have taken after months of soaring input prices, rising interest rates, and weakened customer demand. And with trading conditions still punishing, we can anticipate higher than-usual levels of insolvency for some time to come.

Source: Daily Mail April 18, 2023 18:41 UTC