Zombie businesses fall

R3 report that the number of zombie businesses declined in December.  The figure, based on the number of businesses that are only able to pay interest on their debts fell from 0.5% in April to 03%.  This accounts for 49,000 businesses, the lowest since R3 started tracking these businesses in 2012.  Their research also found that signs of acute distress among businesses had also dropped to near record low.

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