Business insolvencies surge to record high, driven by construction sector fallout, Bathla Group failure, rising interest rates, higher fuel costs

The number of businesses collapsing into insolvency surged 66 per cent to a record high in August, as rising interest rates and higher fuel costs take their toll on the construction sector. The collapse of Sydney residential developer Bathla Group overwhelmingly drove the big jump in construction insolvencies. Loading… Read the original article here

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