Number of firms in England and Wales going bust in August rises by a fifth
by Phillip Inman from Economics | The Guardian on (#6ES95)
Insolvency Service reports 19% rise from August 2022's figures as firms fight high interest rates and falling sales
The number of companies going bust jumped by almost a fifth in August compared with a year earlier as the toll of high interest rates and falling sales hit struggling businesses.
The Insolvency Service said 2,308 firms in England and Wales collapsed in August, which was 19% more than in August 2022 and higher than pre-pandemic levels.
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