Business · 10 hours ago
UK Businesses in Distress Hit Highest Level in 20 Years
habiloid, CC BY-SA 2.0, via Wikimedia Commons (Geograph)
More than 738,000 UK firms were in significant financial distress in the third quarter, the highest figure since insolvency firm BTG began tracking in 2004. Support services, construction and property had the most struggling businesses, while bars and restaurants saw a 5% rise. BTG blamed higher wage bills, energy prices and borrowing costs, adding pressure on Chancellor John Healey ahead of Wednesday's Budget, his first.
Reported by The Guardian · How we write briefs