More UK retailers risk going bust in 2023 – study ...News

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More UK retailers risk going bust in 2023 – study
Business insolvencies are forecast to increase as the cost-of-living crisis weighs on shoppers’ budgets The deepening cost-of-living crisis in the United Kingdom is likely to result in further retail failures over the year, Bloomberg reported, citing experts at credit insurance firm Atradius. Britain has seen an increase in retail collapses in 2022, including high profile insolvencies such as Joules and Made.com. Debt collection specialists at Atradius were cited as saying a jump in claims across retailer and consumer firms in 2022 might be a signal of growing uncertainty which has resulted in other businesses lau

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