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Insider UK
Insider UK
Science
David Dubas-Fisher & Peter A Walker

Insolvencies on the rise across Scotland

More Scottish firms went bust last year than prior to the pandemic, with the numbers more than doubling across the country and increasing fivefold in some areas.

Withdrawal of government support and soaring energy costs have been blamed for the rise, with retail and construction the hardest hit industries.

The revelations have come from research by the BBC, which analysed insolvency notices in The London Gazette, the official paper of record for public notices.

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