Brexit must release bank lending for business

A rising number of company failures isn’t always a bad sign for the economy, says Ian Defty, insolvency practitioner at CVR Global, who is hoping for a post-Brexit injection of capital

Limbo has been the buzzword for so many businesses since the UK voted to leave the EU more than three years ago, and when you couple this with the loss of some major high street retail brands, it is easy to see how one could form a common mis-conception that the past few years have been fertile ground for insolvency practitioners.

While there will always be a steady, underlying pipeline of insolvency cases to deal with, insolvency practitioners generally are not at their busiest during an economic downturn – especially the past three years – because so many businesses have been opting to sit tight on making any decisions until the effects of Brexit are known.

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