Business

Hospitality insolvencies show signs of easing

However, insolvencies in the sector increased 9% in the year to August 2024, from 3,419 in the 12 months to August 2023, to 3,712 in the 12 months to August 2024

Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since January 2024, according to the Insolvency Service.

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