Corporate insolvencies jump in England and Wales as soaring costs bite

Corporate insolvencies rose sharply in England and Wales last month, according to official data published on Friday that highlight the effect of soaring costs, higher rates and weakening demand.

There were 1,933 registered company insolvencies in August, up 43 per cent from the same month last year and 42 per cent higher than in August 2019, before the pandemic.

In an article for Financial Times, partner, Stacey Jones, discusses how the recent corporate insolvencies are highlighting the effect of higher interest rates and spiralling energy bills is having on businesses.

To read the article in full, please visit the Financial Times website.