In the News
Recession Watch: More UK Companies Going Bust

7th October 2022
There is now a 13 year high in UK business insolvencies - taking us back to 2009 and the aftermath of the global financial crisis. This is seen as a leading indicator pointing to slowing growth and the possibility of a recession in the UK this autumn and into 2023.
Read this article from the Guardian
Key problems include:
- Meeting soaring energy bills
- Difficulties in paying existing debts as interest rates rise
- Climbing cost of raw materials
- Supply chain disruptions
- Late payment from customers
- Falling consumer demand due to low confidence and declining real incomes
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