Browsing Tag

office for national statistics

UK business failures on the rise

The most recent report from the UK Office for National Statistics puts the number of companies that have filed for bankruptcy between April and June at 5,629. The figure far exceeds that recorded for the same quarter between 2015 and 2019, when the pandemic appeared. The high costs of services,…

UK GDP contracted between April and June

The Gross Domestic Product (GDP) of the United Kingdom registered a contraction of 0.1 % between April and June, after growing at a rate of 0.8 % in the first three months of 2022, according to the first estimate of the data published by…