Recession Watch: More UK Companies Going Bust

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:

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