Podcast 02 Aug 2021

62: Inflation Spotlight, Insolvency Stats & Badly Hit Industries

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The Bank of England is set to keep pumping money into the economy despite fears of rising inflation. Inflation hit 2.5% in June and looks set to head towards 3.5% or even 4% in the coming months – well above the Bank’s 2% target. This has created a headache for Bank and Treasury officials, who fear that higher inflation will hike the cost of servicing Britain’s growing debt pile.

The increase in corporate insolvencies we are seeing has been driven by a rise in Creditors’ Voluntary Liquidations (CVLs), which have increased to pre-pandemic levels. Nick and Jo also discuss the construction and travel industries – two of the more badly hit sectors in the economy. 

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