An overwhelming majority of industry experts believe the UK’s decision to leave the EU will lead to a rise in corporate insolvencies over the next year, according to a new study.
A member survey by R3 of insolvency and restructuring firms also shows that 55 per cent believe their finances “have been hurt” since last June.
Insolvency practitioners across the UK are most concerned about the hard Brexit option being implemented, with 76 per cent believing it will lead to a rise in corporate insolvencies.
A soft Brexit option is considered to be less risky for both businesses and individuals, with just 1 per cent of those surveyed believing this approach would lead to a significant increa…
Read the full article at: https://www.insidermedia.com/insider/national/corporate-insolvencies-to-rise-after-brexit-vote-r3