Insolvencies Jump to 11-Month High as UK's Tax Hikes Take Toll

The number of companies going bust in England and Wales rose to the highest in 11 months as firms struggled with the Labour government's tax hikes and a broader slowdown in the economy.
Insolvencies rose to 2,238 in May, a 15% jump from a year earlier, the government's Insolvency Service said on Friday.

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