UK retail insolvencies surge amid tax burden and weak consumer confidence
The UK's retail sector is showing signs of distress, with company insolvencies in the trade rising sharply for the second consecutive month. According to figures released this week, retail trade insolvencies climbed to 192 in May 2025, a 16 percent increase from April’s 165 cases, and 20 percent higher than the 160 recorded in May 2024. While...
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