They survived the 2007/8 credit crunch and seemingly the Covid-19 epidemic, but the current stagflation has driven under two major South Wales businesses. Garth Bakery is a familiar name to users of convenience stores throughout the region. The thirty-nine year old company has been forced into administration and, though the name and assets may be picked up by another entrepreneur, nearly 100 people will have lost their jobs. A similar number will be thrown out of work by the collapse of an even older business, Jehu of Bridgend. Their board used to be everywhere, with several major construction projects having been entrusted to them. If the Bank of England is to be believed, then these two will not be the last businesses to collapse under the combined pressure of rising costs and decline in economic activity
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