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The Independent UK
The Independent UK
National
Ben Chapman

Fears over UK high streets as energy bill hikes to force hundreds of thousands of businesses to close

EPA

Cafes, restaurants and shops across the UK are facing closure as spiralling energy bills hit the high street, industry leaders have warned.

Hundreds of thousands of small businesses say they may be forced to shut down or downsize as a result of massive increases to energy bills this winter. One in seven small firms now fear they will have to shrink or close down altogether as experts warned a wave of insolvencies and bankruptcies would deepen Britain’s looming recession.

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