UK facing 'flood' of bankruptcies over coming months, says ONS
by Phillip Inman from Economics | The Guardian on (#59N54)
Two-thirds of UK businesses were at risk of insolvency last month, according to official figures
Almost two-thirds of all businesses could be at risk of insolvency, according to official figures that reveal the UK could suffer a flood" of bankruptcies over the coming months.
The Office for National Statistics (ONS) said that 64% of businesses across all industries were at risk of insolvency last month, with 43% of companies running on less than six months' cash reserves.
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