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.