HIKING interest rates to just 1.5 per cent would drive tens of thousands of companies to the wall, insolvency practitioner
It estimates there are 218,000 distressed firms in the
When the base rate rises from 0.5 per cent, they will go bust if they cannot turn themselves around before that change.
"While low interest rates and creditor forbearance continue to ensure that businesses are kept off the critical list, you just need to scratch beneath the surface to see clear signs of a twin-track economy," said chairman
"While larger corporates have taken full advantage of the market opportunities available to them, a growing number of SMEs are overtrading and risk falling at the last hurdle."
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