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Updated: 30th April 2019

Increase in Financial DIstress in Q1

Julie Palmer, Partner at RBR Advisory and Begbies Traynor Group, was once again invited onto Sky News programme, Ian King Live, to discuss the latest business distress statistics released this week by Begbies Traynor.

The figures show that the number of UK businesses in “critical” financial distress increased by 17 per cent from January to March with a significant deterioration seen in the first quarter of 2019 as Brexit uncertainty deepened.

Property was the worst-hit sector for the second quarter in a row, and was affected by people holding off making big purchases including new homes.

"It's clear that weaker business investment since the Brexit vote is increasing the pressure on firms."
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