Company insolvencies rise 27% in June as interest rate hikes hit firms
The number of UK businesses entering insolvency has surged in recent months, with higher borrowing costs and weakening consumer demand putting pressure on companies. Official figures from the Insolvency Service have revealed a 27% increase in insolvencies in June compared to the same month last year, indicating that the UK is on track for the worst quarter of company failures since 2009.


