The combination of inflation, rising interest rates, and soaring fuel prices is creating an “insolvency wave” among small businesses.

Click PLAY to hear about the insolvency wave.

Greg Bartels, Director of Halo Advisory, told 6PR Breakfast host Millsy and Karl that with tax debts at a record high, the government cannot afford to wait before taking action.

“The risk is governments moving too slowly, with something like this happening, its import for governments to get ahead of the curve because the stress is happening now,” he said.

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