A report published by management consultancy Baringa at the end of May suggested that UK firms face the largest-ever increase in debt-driven costs between now and the end of 2026.
Analysis of data on UK corporate bonds and loans to determine how much would be due if debt was refinanced at the interest rates now predicted for the time it matures found that firms would pay an additional £5.9 billion to service their debt this year, rising to £7.2
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