British supermarkets are failing. Inflation and supply chain failures put retailers at risk of bankruptcy

The bond insurance coverage of British supermarkets Asda Group and Iceland Foods has risen to 76%, from 52%, over five years. Yields on the bonds of these issuers have risen sharply along with the risk of their bankruptcy.

Investors' main fears are due to the country's tax cuts, which they believe are pushing consumer inflation even higher. And supermarkets have shown they are unable to pass these costs on to consumers.