Feb 18, 2025
UK company insolvencies have reached a concerning 16-year high, largely attributed to the impending tax changes introduced by Rachel Reeves. According to official figures reported by Finance Yahoo, the number of corporate insolvencies surged by 10.7% year-on-year, reaching 1,971 in January, marking the highest January total since the 2009 economic downturn.
The recent data indicates that close to 500 companies went bankrupt each week last month. This sharp increase, a 6.5% rise from December, is concerning, as it suggests a trend that may continue throughout the year. Analysis from IndexBox further supports this trend, revealing that industries across the UK are under immense pressure…
