In September last year, Cebr predicted that we would see 7,000 companies going insolvent each quarter in the UK in 2024 [1]. When the data came out for Q4 2023 about a week ago it was clear that we had reached that level already, with 6,788 insolvencies in England and Wales, 314 in Scotland and 81
There were over 6,700 business insolvencies in Britain in Q2 2023, more than double what was seen in a typical quarter during the pandemic, though during that period businesses were largely protected from insolvency through a range of measures. However, even compared with a more normal period these are up by 50% compared with the
We are expecting a major inventory cycle in worldwide manufacturing over the next two years, hitting already fragile manufacturing sectors in global economies. Even in normal times, the shape of the current economic cycle would lead to a knock-on inventory cycle, but high interest rates will amplify its shape in 2024 and 2025. This will
Black Friday discounts may attract some shoppers hoping for a bargain on their Christmas shopping, but are unlikely to save struggling retailers from the rising number of insolvencies in the sector. The cost-of-living crisis, combined with warnings that discounts are often more generous at other times of year and the threat of a Royal Mail
This month saw the much-feared uprating in the Ofgem price cap, meaning the average UK household will now pay 54% more for their energy bills compared to the six month period between October 2021 and March 2022 and a whopping 73% more than compared to a year ago. Meanwhile, petrol prices are up by 30%
My colleagues and I at the Centre for Economics and Business Research (Cebr) are quite optimistic about the pace of the UK recovery once lockdown ends. The accumulated household savings at the end of 2020 had built up to £200 billion and will be more by the time we are let loose in a few
Annual cost inflation for Britain’s small and medium enterprises falls to its lowest level since 2009.
