nsolvencies last month rose to the highest level since the Government began collecting the statistics four years ago, exceeding pandemic-era highs.
There were 2,457 companies declared insolvent last month, up 16% from March 2022, as well as 288 compulsory liquidations, double the figure from a year earlier. This, the Government said, was partly due to more winding-up orders from HMRC because of unpaid taxes.
PwC head of insolvency David Kelly said the figures showed that whether the UK can avoid a technical recession will be of little relief to business owners, who will be struggling either way.
While there was some good news earlier this month that the UK avoided a technical recession, this has been of little comfort to busines…
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