BUSINESS failures are set to tumble, according to figures today.
The latest Industry Watch report by accountancy firm BDO suggests that company insolvencies will fall by more than 21% from a peak of 26,196 in 2009 to a predicted 20,536 in 2015.
But it said the number of business failures will stay above pre-recession levels of 16,431 in 2007.
BDO said Yorkshire businesses were proving resilient to the uncertain global economic climate.
It said this suggested that Bank of England policies of keeping interest rates at an all-time low of 0.5% supported by injections of quantitative easing were trickling through and supporting businesses in the tough economic climate.