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Spending Review 2020: Future of business insolvencies

25 November 2020

Read our commentary on the Spending Review announcement that business insolvencies have fallen compared to last year.

James Moore, Restructuring and Insolvency Partner at DWF, comments:

"I think it's widely recognised that the fall in business insolvencies is down to the fact that winding-up petitions are on the whole barred at present, and combined with the level of government funding and furlough means that there are currently actually no pressing reasons for businesses to enter an insolvency process. As such, there has to be a rectification in the insolvency figures once these protections roll back.  Perversely the vaccine is likely to create a flood of insolvencies as it is likely to come hand in hand with cut backs on support."

Read our other pieces of commentary:

Employment perspective >

Green Revolution >

Infrastructure Revolution >

Further Reading