250,000 UK Businesses Stopped Trading In The 1st 6 Months Of 2022

October 20, 2022
250,000 UK Businesses Stopped Trading In The 1st 6 Months Of 2022

The cold hard reality is that things will get worse and not better over the next 18 to 36 months in the UK.

What the UK is going through from a bankruptcy perspective will be the same for all G-20 / OECD countries.

"Over a quarter of a million U.K. companies stopped trading in the first half of this year—16% more than in the first half of 2021 and 40% more than in the first six months of prepandemic 2019, according to the Office of National Statistics. It was the largest number ever recorded in a six-month period, according to the ONS."

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Article Source : https://www.wsj.com/articles/inflation-consumer-pessimism-push-u-k-firms-to-close-their-doors-11664962202