Business insolvencies at post-pandemic high as higher rates and energy costs add to inflation pain

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

A 16% leap in the number of corporate insolvencies last month follows warnings from business groups that rising costs have become unbearable, with many firms choosing to throw in the towel

Why no economic growth is a problem

David Kelly, head of insolvency at accountants PwC, said:"Businesses are struggling to secure financing and pay off their loans due to high interest rates and the wider impact inflation and consumer sentiment is having on sales and cash flows." PwC suggested some of the hardest-hit sectors, such as hospitality, would likely see pressures ease due to stronger sales as the weather improved.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 35. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

The caring Tory government folks

مصر أحدث الأخبار, مصر عناوين