Manchester News Today | 2 Min News | The Daily News Now!
Greater Manchesters Business Struggles: 93 Companies in Administration This Year
The podcast episode delves into the challenging economic landscape in Greater Manchester, where nearly one hundred companies have entered administration since January. The peak was in January with forty-five businesses, and the numbers have since dropped to nine by April. The slowdown is evident, but the early numbers have been harsh. Rising national insurance payments, the ongoing cost-of-living crisis, and the UKs uncertain economic outlook have pushed many business owners to seek help. Administrators are now working to salvage what they can, and there may be a respite for the regions economy as filings ease up.
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