UK vs. Australia – comparing insolvency trends

Insolvencies in England and Wales has reached its highest levels since the GFC, is Australia destined for a similar fate? Gayle Dickerson and Emily Seeckts examine insolvency trends to understand the parallels and distinctions of both nations.

Back in 2020 during the height of the pandemic, pundits in the United Kingdom (UK) and Australia predicted both nations would face a tsunami of insolvencies. Luckily for many businesses, both jurisdiction governments intervened with various forms of financial relief and through the last couple of years this wave of insolvencies didn’t materialise. However, the economic landscape in the wake of the COVID-19 pandemic has brought about significant changes and challenges for businesses worldwid...

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Authors: Gayle Dickerson, Emily Seeckts

Published Date: 09 November 2023