Number of firms going bust after no-deal Brexit will rise, says report

By Hamish Champ2019-01-30T06:00:00

New research suggests UK would see a 14% hike in firms going under

A no-deal Brexit could result in a sharp in increase the number of UK businesses going bust, according to a new report.

Netherlands-based insurance giant Atradius suggested that what it called a “disruptive Brexit” could result in UK corporate insolvencies being 14% higher – around 2,300 more firms – than would be the case during a smooth transition which would see adjustments to the new trading arrangements until 2021.

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