A Derby insolvency expert has warned that a “hard Brexit” is likely to lead to a surge in companies going out of business.
According to research by insolvency and restructuring trade body R3, almost three-quarters of its members believe the EU Referendum result will cause corporate insolvency numbers to rise by the end of this year. And more than half of members said that they believe business finances have been hurt since June last year when Britain voted to leave the EU.
R3 said the biggest concern was a “hard Brexit”, with more than three-quarters of its members saying it would lead to more corporate insolvencies. R3 Midlands spokesman Martin Smith, a senior partner at D…
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