Tag Archives: businesses

UK businesses fear debt problems if interest rates rise

UK businesses fear debt problems if interest rates rise

Some 79,000 (4%) UK businesses wouldn’t be able to repay their debts if interest rates were to rise, according to new research from insolvency specialist R3. The company’s data suggests the figure is almost four times higher than the 20,000 businesses in the same position in September 2016. The research, part of a long-running survey

Insolvency experts fear creditor challenges after Brexit vote

The UK’s insolvency regime is set to come under heavy scrutiny following Friday’s ‘leave’ result, with experts claiming businesses could struggle with the uncertainty it brings.   Andrew Tate, president of UK insolvency trade body R3, predicts that leaving the EU will have a major impact on the way corporate insolvency works in the UK.

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