PwC UK’s latest Economic Outlook reported that the UK recorded nearly £27,000 in corporate insolvencies in 2023 – the highest level for over three decades and surpassing volumes during the Great Financial Crisis. PwC also expects corporate insolvency volumes to continue rising for a short period and notes that research by the Bank of England suggests that there are still a much larger number of firms in the process of dissolving than usual. PwC’s modelling indicates that corporate insolvencies will reach 30,000 in 2024 – equivalent to around 7,500 a quarter. This would mean that, on an annual basis, insolvencies would reach another record high. To read PWC’s news release, go to https://www.pwc.co.uk/press-room/press-releases/regions/northern-ireland/northern-ireland-leads-uk-regions–economic-growth–as-new-gover.html.