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In the News

Recession Watch: More UK Companies Going Bust

Geoff Riley

7th October 2022

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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.

Recession Watch: More UK Companies Going Bust

Read this article from the Guardian

Key problems include:

  1. Meeting soaring energy bills
  2. Difficulties in paying existing debts as interest rates rise
  3. Climbing cost of raw materials
  4. Supply chain disruptions
  5. Late payment from customers
  6. Falling consumer demand due to low confidence and declining real incomes
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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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