Commenting on data published today (Tuesday) by the Insolvencies Agency, which shows that 2023 was a worse year for insolvencies than during the financial crisis, and the worst since 1993, TUC General Secretary Paul Nowak said:

“Businesses are struggling because the Conservative government has sucked the life out of our economy. We can’t afford to stay in this doom loop of cuts, falling living standards and stagnation. We need a proper plan for jobs and growth that can get living standards rising again.”