UK corporate insolvencies fall as virus support plans kick in: KPMG

The number of corporate insolvencies in Britain fell a third in April compared to the year before even as the Covid-19 pandemic hammered the economy, figures compiled by KPMG showed on Friday, as government support packages kept firms afloat.

The spread of the novel coronavirus - and lockdown measures introduced to contain it - has ravaged the British economy, with many non-essential businesses told to close. 

The Bank of England said on Thursday it could cause the biggest economic slump in over 300 years. The country is also planning to ease lockdown measures next week but a rapid reopening of