Business | Business News More big firms are likely to go bust next year amid the “double whammy” of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence. It comes after another year of tough economic conditions resulted in increased business failures during the year. Official figures from the Insolvency Service earlier this month showed the total of company failures over the first 11 months of 2023 was more than reported during…
