Record surge in UK businesses facing severe financial distress as costs climbUK businesses in critical financial trouble surged by 50.2% to nearly 47,000 in Q4 2024, driven mainly by construction and retail sectors.
Insolvency expert warns Labour's Budget burdens threaten to push businesses to the brink - London Business News | Londonlovesbusiness.comNew tax increases may lead to more business failures amid ongoing financial pressures.
Record surge in UK businesses facing severe financial distress as costs climbUK businesses in critical financial trouble surged by 50.2% to nearly 47,000 in Q4 2024, driven mainly by construction and retail sectors.
Insolvency expert warns Labour's Budget burdens threaten to push businesses to the brink - London Business News | Londonlovesbusiness.comNew tax increases may lead to more business failures amid ongoing financial pressures.
How will the October Budget affect struggling businesses? - London Business News | Londonlovesbusiness.comLabour's budget could unintentionally push struggling businesses toward insolvency due to increased National Insurance contributions.
Major causes of small business insolvencies - London Business News | Londonlovesbusiness.comBad debts and payment disputes, failed acquisitions, and lack of financial visibility contribute to business insolvency.