Mark Ford from Evelyn Partners emphasizes that despite a decrease in company insolvencies, the current levels are historically high, signaling ongoing challenges for businesses.
Ford outlines that businesses are facing challenges from high costs and low consumer confidence, which impact their ability to sustain and grow in the current economic climate.
The recent Budget has offered little relief to firms, as increased wage costs compound existing pressures from inflation and economic stagnation, making survival difficult.
Despite some improvement in insolvency numbers, Ford warns that many businesses are still precariously positioned, suggesting an underlying volatility and a need for caution.
Collection
[
|
...
]