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Red alert! Firms in 'critical distress' up 50% since Budget
Daily Express
|January 25, 2025
THE number of companies facing "critical financial distress" has climbed by 50% during less than three months since a series of business tax hikes in Labour's first Budget.
According to the latest "Red Flag Alert" report by Begbies Traynor, there were 46,853 firms in trouble in the final quarter of 2024.
The paper, which looked at 22 sectors of the economy, found the biggest jump in financial distress was among hotels, by 84%. It was up by more than 47% in the general retail sector.
Julie Palmer, partner at Begbies Traynor, said: "As we start a new year, there is very little to be excited about."
Esta historia es de la edición January 25, 2025 de Daily Express.
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