A recent study highlights the regions in the UK facing the most significant business closures, with the West Midlands at the forefront, experiencing a staggering 11.84% business death rate. This data, compiled by MRPeasy from the Office for National Statistics, underscores the economic challenges affecting small manufacturers. Northern regions, particularly the West Midlands, North West, and North East, tend to suffer more closures compared to southern areas, emphasizing the ongoing impact of the cost of living crisis. Experts warn that upcoming changes in April could exacerbate these closures further.
"Last year, many regions across the UK experienced a significant number of business closures, reflecting broader economic challenges."
"Notably, northern regions such as the West Midlands, North West, and North East saw higher rates of business deaths compared to the south."
Collection
[
|
...
]