PwC: Ireland faces 'wave of business failures'     

The winding down of Covid business supports will likely lead to a rise in insolvencies in Ireland. Picture: iStock

Irish businesses face "a wave" of insolvencies starting this year after a record low level of failures during the Covid-19 crisis, according to PwC.  

Business failure rates were running at 15 per 10,000 firms in the last 12 months  — the lowest for 17 years — but have increased in the first three months this year.