Chart of the week: Britain’s zombie companies
Britain is full of companies just muddling through rather than restructuring or expanding, preventing capital from reaching more promising businesses, and hampering overall productivity and growth.
Ultra-low interest rates and lenient banks, loath to crystallise yet more losses, are behind the trend.
The worry is that these firms, muddling through rather than restructuring or expanding, prevent capital from reaching more promising businesses, and thus hamper overall productivity and growth.
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