Company insolvencies rise

New figures released today by the government’s Insolvency Service (IS) reveal how almost 2,000 firms could no longer balance their books in November 2024 – a 13% rise on trends just a month before. After seasonal adjustment, the month’s tally of registered company insolvencies in England and Wales stood at 1,966 in November 2024, which…

Company insolvencies rise across England and Wales; interest rate cuts less likely after UK pay growth accelerates – business live | Business

Bank of England interest rate cuts now less likely City traders are scrambling to readjust their expectations for UK interest rate cuts, following this morning’s acceleration in UK wage growth. The money markets now indicate there’s just a 7% chance that the Bank of England cuts interest rates on Thursday, down from around 15% yesterday.…