Survey finds high rents leading to firms going bust

Around 70% of companies going bust this year are in the construction, retail and hospitality sectors.

Around 70% of companies going bust this year are in the construction, retail and hospitality sectors.

New figures from insolvency firm FGS show that the number of companies failing has gone up by over a quarter in the first six months of the year.

Spokesperson for FGS, Declan Taite, said high rents have a huge impact on struggling businesses.

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