UK Company Insolvencies Hit 13-Year High
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Local companies in the United Kingdom are going from "Brexiting the European Union" to "exiting the economy."
While a strong earnings season has lifted much of the world to an unexpectedly bubbly headspace this week despite persistently uncertain economic times, the UK was slapped with an absolutely dire report from its government's Insolvency Service on Tuesday. The headline? Domestic companies are closing at a faster rate than at any point since the 2008 financial crisis.
Source Fool.com
