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The Independent UK
The Independent UK
Business
Henry Saker-Clark

More than 55,000 UK firms in severe distress, research shows

More than 55,000 firms are in severe financial distress, according to new figures (Andrew Matthews/PA) - (PA Wire)

More than 55,000 UK companies are in serious financial distress and in danger of collapse without improvement over the coming year, according to research.

Experts have warned that the upcoming autumn Budget “must deliver urgent support to avoid a wave of failures”, particularly among small businesses.

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