15% increase in failures
BUSINESS failures rose by more than 15% during the second quarter of the year, and foot-and-mouth must shoulder much of the blame, according to business information provider Dun & Bradstreet.
"This increase is in part due to the drop in tourism and other adverse factors caused by the F&M epidemic," said Philip Mellor, senior analyst at the firm. Across the country 10,804 companies went bust between April and June, with a sharp rise in the south-west and north-west where F&M has been most prevalent.
But another report commissioned by the South West Regional Development Agency suggests the impact of F&M in the region could be less than initially expected. *