How are businesses in the U.K. faring as Brexit looms? Not well, if a boom in insolvency and restructuring advice and the level of unpaid tax bills are any guide.
Members of the trade body R3, which represents restructuring advisors, are anecdotally reporting increasing demand for help and advice from businesses and individuals, according to Stuart Frith, president of the group. These pressures are likely to continue as Theresa May tries to find a Brexit compromise that can get through the British Parliament.
Brexit will be an unknown factor this year, Frith said in an email to Bloomberg. Uncertainty around the shape of the final exit deal and future EU-U.K. trading relationship is already forcing businesses to put off de…
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