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9th Jul 2024 15:31UKDaily Monitor

  • Company insolvencies surged to a record high in 2023, but that exaggerates corporate distress.
  • The liquidation rate remains far from its peak and rose mainly due to catch-up after a hiatus in 2020. 
  • We expect insolvencies to fall as GDP growth rebounds and the MPC begins cutting Bank Rate.

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Keywords for: 11 July 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence