Rising costs, rates cook record number of businesses

By Poppy Johnston
Updated June 20 2024 - 3:35am, first published 3:30am
Businesses failures continue to be dominated by food and beverage services firms. (Dan Peled/AAP PHOTOS)
Businesses failures continue to be dominated by food and beverage services firms. (Dan Peled/AAP PHOTOS)

High interest rates and rising prices of everything from copper wire to the office coffee are starting to kill off Australian businesses, with insolvencies at a new high, research shows.

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