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Evening Standard
Evening Standard
Anna Wise

More businesses forced to close in July as cost pressures mount

The level of firms facing insolvency have remained elevated since reaching a 30-year annual high in 2023 (Joe Giddens/PA) - (PA Wire)

The number of companies going bust across England and Wales remained elevated last month, new data shows, as pressures intensify for firms grappling with higher costs.

Official data from the Insolvency Service showed there were 2,081 company insolvencies in July, edging up by 1% compared with June.

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