UK Business

How rising interest rates are affecting UK businesses

Written by Erwei (David) Xiang, Senior Lecturer (Associate Professor) in Accounting, Newcastle University

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

We recently saw the chaos this...

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