- 25 Jun 2024
- 4 min read
The latest insolvency statistics for May 2024 for company and individual insolvencies have been published on 18 June 2024 for England and Wales. This comes just before the announcement on 19 June 2024 by the Office for National Statistics, that UK inflation fell to the Bank of Englands target of 2.0% in May 2024 (compared with 2.3% in April 2024).
The latest insolvency rates show a marginal reduction in the numbers of company and personal insolvencies compared with April 2024, with company insolvencies 21% lower compared with the same period last year.
This opens up the question of whether the peak of corporate failures may have passed for the time being, with green shoots of recovery potentially apparen…
Read the full article at: https://www.trethowans.com/insights/update-on-insolvency-statistics-may-2024/
