High interest rates ‘will lead to thousands of UK firms failing in 2024’

Thinktank Cebr expects Bank rate to rise twice more and predicts 28,000 insolvencies over next yearAbout 7,000 businesses are likely to fail every quarter in 2024 as high interest rates cause financial strain and the UK economy enters recession, according to a thinktank.The Centre for... #press

https://www.theguardian.com/business/2023/sep/04/high-interest-rates-lead-thousands-firms-failing-2024?utm_source=press.coop

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