The number of insults of the company increased sharply at the beginning of the year, as it reached an unprecedented level since the financial crisis, according to the latest numbers from the insolvency service.
More than 1900 companies decreased in January – 10.7 percent over a year – which increased forced about 500 companies a week to fold them.
Regardless of 2009, when the economy started from the global credit crisis, the total last month was the highest registration in any January since the start of the official data collection in 2000.
Tim Cooper, Chairman of the Commercial Authority for Sentence and Restructuring R3, highlighted that many of these cases were voluntary, indicating that the owners were choosing to finish the solvents. He said: “years of difficult trading conditions raises losses, with an increase in the minimum national wages and national insurance contributions to employers on the horizon, it seems that some managers are abandoned before the costs become unprecedented.”
From April, companies must wrestle with the budget measures of Chancellor Rachel Reeves, which includes a tax raid of 25 billion pounds on employers through higher national insurance. In the same month, they also face a 6.7 percent increase in national living wages-with more than the expectations of the private sector.
Some analysts say that the ghost of additional legislation – such as the deputy of the draft employment law in Prime Minister Angela Rainer, costs companies estimated at 4.5 billion pounds annually – may accelerate decisions to close the store. Many of these burdens are constantly at the top of high energy bills, flowing from Russia's invasion of Ukraine and interest rates that, despite their recently cut, are still much higher than pre -command levels.
“The companies have faced climbing expenses for a long time,” Mr. Cooper added, and the consumer has been stimulated. Meanwhile, creditors became less tolerant in chasing distinguished debts, including HMRC, which has returned to a tougher position. “
The numbers show a new blow to the companies that already endured the defeated Christmas trading season. Retaires and hospitality places have struggled with decreased spending on consumers, while VAT and Paye are more viable. Lawyer Javin Kramer also warned of Coller Presto: “Companies continue to struggle, and there are few signs of economic growth.”
Before the January jump, the total decrease in a decrease since last June – but these numbers confirm that thousands of managers have now decided that the best option is to close before the cost of increased cost in the spring.
A cabinet spokesman refused to comment on the data.