New figures suggest business across the Midlands are struggling to get to grips with the impact of Covid-19 despite the easing of restrictions.
Latest data from the Midlands branch of insolvency and restructuring body R3 suggests many firms are under greater pressure to survive compared to this time last year.
It says the latest statistics from the Insolvency Service show that corporate insolvencies in England and Wales increased by 22.9 per cent to 1,348 in August compared to Julys figure of 1,097, and rose by 71.1 per cent compared to August 2020s figure of 788.
There are concerns that supply chain issues, wages and material inflation, recruitment issues and the huge rise in gas prices will put even more pressure o…
Read the full article at: https://todayuknews.com/business/latest-insolvency-statistics-show-impact-of-covid-19-on-midlands-businesses/
