Image copyright Getty ImagesA wave of “zombie companies” kept afloat during lockdown are on a cliff-edge going into the autumn, experts say.
Analysis by the BBC shows a surge of firms went bust in March, then the rate slowed in the first few months of lockdown amid a 160bn support package.
However, the Institute for Fiscal Studies (IFS) says many firms have piled on debts and will struggle.
The government said it would “adjust support” as the economy reopens.
So-called zombie companies are businesses that function day-to-day, but cannot pay off the full debt they owe or find cash to invest and grow.
Julie Palmer, a partner at the financial consultants Begbie…
Read the full article at: https://www.bbc.com/news/uk-53417948
