Number of British businesses in severe financial distress reaches two-decade high
Restructuring analysts’ latest corporate insolvency figures point to persistent inflation, high borrowing costs and weak consumer retail demand as pressures on British businesses ahead of a fiscal announcement.
Inside a well-stocked but customerless shop, a weary proprietor hands money from her nearly empty till to an enormous walking invoice labelled INTEREST. Another invoice, labelled ENERGY, waits behind with an empty shopping basket. The bills have become the customers, but the money travels the wrong way.
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