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P ECONOMiC FACTth,
28th May 2009, Page 49
28th May 2009
Page 49
Page 49, 28th May 2009
— P ECONOMiC FACTth,
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Business failure rate starts to drop
THE RATE OF business failures is slowing down, although insolvencies in the first quarter were 3.3% ahead of the corresponding period in 2008, reveals analyst Equifax (www.equifax.co.uk).
These figures are in contrast with the 35% increase in failures seen year on year. Equifax has warned that government initiatives need more time to take effect, and that more businesses may fold as their tax bills become due.
Scotland has posted an 18% decrease year on year, but the North-East of England endured an 82.9% rise.