Thu, 23 Sep 2010 | BUSINESS NEWS
The number of business failures in August showed a year-on-year fall of 13.2 per cent, according to business information company, Equifax.
A 3.2 per cent rise in the number of retail businesses failing in August compared to July, however, showed that while the economy was far healthier than last year, businesses are preparing themselves for the effects of Government austerity measures.
Equifax's Nic Beishon said the figures indicated companies were taking steps to survive but also that banks had been responding to calls to free up their lending criteria to provide new funds to businesses.
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