More businesses go bust in UK

Monday 01 March 1999 00:02 GMT

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More businesses go bust in UK

THE NUMBER of businesses going bust in the UK rose by more than 2,000 last year, making it the only big European economy to show a significant rise in failures, according to the latest figures from Dun & Bradstreet. As the rate of business failures fell by 7.8 per cent across Europe, the UK's annual tally rose by 6.2 per cent - with about 775 businesses going bust each week. Philip Mellor of Dun & Bradstreet said the survey showed Britain was further ahead in "the worsening economic cycle than the rest of Europe".

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