The number of firms collapsing into insolvency rose to the highest level since 2009 in England and Wales over the past quarter, fresh Government figures show.
Some 6,342 company insolvencies were recorded over the three months to June, an increase of 13 per cent against the same period last year, according to the Insolvency Service.
It marks the highest total since the second quarter of 2009, the height of the financial crisis, with 13,000 corporate failures in the first half of the year.
Insolvencies: In the first half of 2023, there were almost 13,000 corporate failures
Business groups have blamed high inflation and rising interest rates, which have left many businesses unable to meet loan repayments as the cost of borrowing r…
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