- Insolvency rates set to remain 20% to 30% above pre-pandemic levels
Business insolvency rates will remain 30 per cent above pre-pandemic levels next year after with another 27,650 firms set to go bust in 2025, research suggests.
Official data last week that showed another 2,000 UK firms went under last month as a sharp rise in labour costs, stubbornly high inflation and weak consumer confidence have contributed to monthly company insolvency rates at 30-year highs since 2023.
Forecasts published by Allianz Trade on…