Insolvencies could soar in two years
Independently of the UK election results, insolvency levels will rise sharply if the British government fails to agree on a transition deal with the European Union.
- Exiting the EU on World Trade Organization (WTO) terms after the two-year negotiating period finishes will result in 3,300 additional British companies falling into bankruptcy.
- This will bring the total up to 25,100 companies.
uk-post-election-insolvencies-reality-check-snippet-06jun17.pdf