Corporate insolvencies in England and Wales climbed to their highest level since the global financial crisis in the six months to September as businesses grappled with high borrowing costs and slowing demand, according to official data.
Insolvency Service data on Tuesday showed that between July 1 and September 30 there were 6,208 registered company insolvencies in England and Wales.
The level was up 10 per cent year-on-year and only 2 per cent down from the previous quarter when it also hit a new peak since the financial crisis.
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