Britain could be ‘hurtling towards a new wave of business insolvencies’ as tariff turmoil and higher taxes batter firms.
Official figures yesterday showed the number of companies going bust rose by 9 per cent to nearly 2,000 last month.
And a report from restructuring firm Begbies Traynor suggested more will soon follow as the number of companies in ‘critical’ financial distress rose by 13 per cent in the first quarter.
Bars and restaurants, plus travel and tourism operators, were among the worst hit, the report said.
Fears over a…
