UK becomes 'zombie' business capital of Europe
Corporate debt is expected to rise still further this year as firms borrow to survive in the aftermath of Covid-19
Britain has become Europe’s “zombie” capital, accounting for a third of the region’s indebted companies kept alive by record low interest rates and bailouts.
The share of UK non-financial businesses which were "zombies" has jumped six percentage points to 15pc in the last year, the highest level in Europe, according to data from Bank of America.
UK becomes 'zombie' business capital of Europe
DOOM level:
Corporate debt is expected to rise still further this year as firms borrow to survive in the aftermath of Covid-19
Britain has become Europe’s “zombie” capital, accounting for a third of the region’s indebted companies kept alive by record low interest rates and bailouts.
The share of UK non-financial businesses which were "zombies" has jumped six percentage points to 15pc in the last year, the highest level in Europe, according to data from Bank of America.
UK becomes 'zombie' business capital of Europe
DOOM level:
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