December 15, 2023Thomson Reuters

England and Wales insolvencies rise by 21% in November

The Insolvency Service, a public body, said there were 2,466 registered company insolvencies during the month

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The BoE raised rates 14 times between December 2021 and August this year, taking Bank Rate from 0.1% to 5.25%

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On Thursday, the BoE kept borrowing costs at that level and said they would need to stay high for an extended period

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