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About time too...

including Budgets
Nemo
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About time too...

#563642

Postby Nemo » January 24th, 2023, 12:41 pm

Up to 25% of UK companies are classed as zombies - just kept alive by an endless supply of cheap money. It's about time they were let go:

The number of firms on the brink of going bust jumped by more than a third at the end of last year, said insolvency firm Begbies Traynor.

It expects this number to rise due to higher costs and consumers cutting back their spending.



https://www.bbc.co.uk/news/business-64303338

pje16
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Re: About time too...

#563644

Postby pje16 » January 24th, 2023, 12:45 pm

The writing was on the wall 5 months ago
https://www.bbc.co.uk/news/business-62338308

vand
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Re: About time too...

#563797

Postby vand » January 25th, 2023, 9:05 am

Just anecdotally a number of small businesses have closed shop in my area just in the last year. Death of the high street will be a returning theme soon, if it ever went away.


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