Business failures 'to rise sharply during looming lockdown'       

Significant number of companies which have lasted up until now will be unlikely come out of this lockdown, warn experts

Senior economist Jim Power said there would be a significant upturn in insolvencies in the next few months when they show up in official data.

The number of business failures will inevitably rise sharply in the coming weeks if the third lockdown extends beyond January, experts have said.

Consultant John Whelan, managing partner at the Linkage Partnership, said it would take some time for official figures to reflect the true level of company insolvencies.