News Formal

Higher borrowing costs take their toll as thousands of companies fail

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 89%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Company failures in England and Wales rose 27 per cent last month as growing numbers of businesses succumbed to rising inflation and a stagnant economy

For individuals, 643 bankruptcies were registered, which was 29 per cent higher than in June 2022, but less than half of pre-2020 levels.

. Many business leaders will no doubt already be having difficult conversations about whether they can continue to operate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Network died, hard, during company Christmas partyNetwork died, hard, during company Christmas party, leaving lone techie to fix it
Source: TheRegister - 🏆 67. / 61 Read more »