Will Insolvency decline continue amidst static inflation?

Inflation is has now been less than the Bank of England's 2% target for the last 24 months, so will insolvencies continue to stagnate in the wake of a stalling UK economy?

Reports issued by the ONS states that the most downward pressure on the inflation rate is caused by the transport sector, with price changes for items such as road passenger transport, second-hand cars and bicycles.

Toothpaste and other personal care products have additionally experienced a price decrease. In contrast though, vegetables and dairy products have gone up and made up for those declines.

Recent Insolvency statistics showed that both corporate and personal insolvencies were reducing, which again often indicates a stuttering economy.

At Business Rescue & Recovery we assist both individuals and businesses in financial difficulty, offering services such as :

Business Assessment and Restructuring, New Funding Options, Creditor negotiation and time to pay arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation, Bankruptcy.