Q2 2022 saw 5,629 insolvencies in England and Wales.
Insolvencies hit highest levels in over a decade
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Current Affairs
UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.
Bank of England reinforces bond buying scheme
New measures announced for the final week of the purchase scheme.
Business confidence falls significantly
Four in ten businesses anticipate a fall in profits over the next year.
Two-year mortgage rates reach 14-year high
The average two-year fixed mortgage rate soars to 6.07%.
Pound reaches two-week high
Sterling on track for its sixth consecutive daily rise.
Inflation falls to 9.9%
Dip in fuel prices slightly eases inflation.
Real terms pay falls by 2.6%
Prices rising higher than wages, ONS statistics show.
Economy grows by 0.2% in July
Soaring inflation contributes to slow growth.
Bank of England postpones interest rates decision
Interest rates expected to rise to 2.25%.
Energy-intensive industries to be hit hardest by crisis
Most impacted industries include energy supply and transportation.
Inflation set to hit 14%
British Chamber of Commerce warns of recession.
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