People walk past a shop with closing down signs in the window in Chester, Britain, Nov 17, 2022. REUTERS/Phil Noble/File photo
LONDON The number of companies in England and Wales declared insolvent during the three months to the end of September remained close to levels seen after the 2008 financial crisis and was down only slightly from the previous quarters 14-year high.
The Insolvency Service, a government agency, said the number of insolvencies fell 2 percent to 6,208 on a seasonally adjusted basis, but was 10 percent higher than in the same period a year earlier.
Many businesses and households have come under increased pressure from rising interest rates as well as and a jump in the cost of energy and other nece…
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