Number of insolvencies fall in the second quarter – but perhaps not for long
The number of companies entering insolvency has fallen in the second quarter of 2017, according to KPMG, although retailers are still feeling the squeeze.
Across England and Wales, 280 companies entered administration from April to June, compared with 327 in the first quarter, and 294 in the same period last year.
Although this was down from from 31 in the previous quarter, the relatively high level is hardly surprising given the wider macroeconomic environment.
Although inflation was down in June for the first time in more than a year, it is still well above average earnings growth.
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