Number of UK businesses in financial distress ‘at two-decade high’
Administrator BTG says 738,144 firms struggling as calls grow for more support for private sector in budget Business live – latest updates The number of UK…
The Guardian reports: Administrator BTG says 738,144 firms struggling as calls grow for more support for private sector in budget Business live – latest updates The number of UK businesses in financial distress has hit its highest level in more than two decades, as pressure grows on the chancellor to provide more support to the private sector in Wednesday’s budget.
That is the highest level since the administrator’s closely watched “red…
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Number of UK, Administrator BTG and Business.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Number of UK, Administrator BTG, Business, UK
- Section
- Business
- Figure cited
- There were 738,144 businesses in “significant” financial distress in the third quarter of this year, up 1.6% compared with the same period last year, according to BTG. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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