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Evening Standard

World

William Mata

Mass redundancies could hit smaller UK businesses, employment expert warns

United Kingdom Citation Inflation

Small and medium-sized businesses are counting the cost of inflation
(Picture: PA Wire)

Small businesses are starting to brace for a steep rise in redundancies, a law firm has warned, amid double-digit inflation and a looming recession.

Citation, which offers health & safety and employment law services, said it had reported a 184 per cent increase in SMEs seeking advice relating to redundancies from June to July.

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