Retail insolvencies were 13.6 % higher in May, according to Coface, the credit insurer.
The rise follows the increases to employer national insurance, the minimum wage, and the national living wage, which came into effect in April. Clothing and textiles retailers, and those selling electronic goods, saw the biggest rises in insolvencies.
Businesses are confident their profits will improve over the coming year despite growing pessimism about the wider UK economy, a survey published today shows. An
Hiring confidence among UK employers is at its lowest for 13 years in spite of signs of a summer rebound in output. The April rise
The number of businesses becoming insolvent rose sharply last month as companies faced higher staff costs and continuing uncertainty over trading arrangements with the United
There has been a record rise in UK businesses in severe financial distress as companies find it almost impossible to navigate the challenges they face
