10% rise in Business Insolvencies predicted by Experts

UK Business insolvency could increase by 10% this year, according to research by Allianz.
The insurer’s global insolvency outlook revealed that 15% of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion in Europe. This is compared to 14% in France, 9% in Italy, and 7% in Germany.
Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs.
Allianz predicts that as