The Guardian Australia – Business
·business
·2 hours ago
UK firms in critical financial distress rise by 36.9% in 2023
The number of UK firms in 'critical financial distress' surged by 36.9% in early 2023, reaching 62,193, according to Begbies Traynor. Rising taxes, increasing energy costs, and shaky consumer confidence have severely impacted businesses, particularly in the hospitality sector. Experts warn that the situation may worsen as macroeconomic challenges persist.
Summary by Glance · The Guardian Australia – Business
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