Monthly insolvencies in England and Wales hit three-year high
by Phillip Inman from on (#6AXJ8)
Insolvency Service says 2,457 businesses went bust in March as firms struggle with rising bills and high inflation
More companies in England and Wales went bankrupt in March than at any point since monthly records began three years ago.
With businesses struggling to pay rising billsand higher interest rates while the economy stagnates, the Insolvency Service said the number of corporate insolvencies jumped to 2,457 last month, up 16% on a year earlier and up from 1,784 in February.
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