Onward calls for chancellor to launch debt relief scheme, as one-in-five could be insolvent
One in five businesses in Britain are “zombie firms” struggling to stay afloat after a boom in company debt levels during the coronavirus pandemic, an influential Tory thinktank has warned.
Calling on the chancellor, Rishi Sunak, to use the autumn budget to launch a debt relief scheme for firms, the Onward thinktank said crippling levels of debt built up during the crisis would hamper the UK’s economic recovery.
