InSnip Pure signal, no noise.
✓ The Guardian AustraliaMoney & Work
Record 11,000 Australian businesses failed in 2023-24 as costs soared
Insolvencies jumped to 11,000 in 2023-24, the highest on record, driven by wage, electricity and rent costs.
Why it mattersShows serious economic stress spreading across Australia as businesses close.
AustraliaAustralian jobs are at immediate risk as small and medium businesses close. Employment pressures are likely to rise sharply across the economy.
✓ Claims checked against the source. checked 2 h ago
Free. Sign in once, be genuinely informed in five minutes a day.
Tomorrow's edition, every morning.
Get the free app, read the whole feed
InSnip turns the day's news into short, source-backed snippets with a plain why it matters line. The signal, not the scroll.