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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Number of UK firms in ‘critical distress’ increases by almost a tenth

The number of UK businesses in ‘critical financial distress’ has jumped by almost a tenth (Peter Byrne/PA) - (PA Wire)

The number of UK businesses in “critical financial distress” has jumped by almost a tenth amid particular pressure on leisure firms and hotels, according to research.

The downbeat outlook for British firms comes amid a backdrop of global economic uncertainty and rising costs.

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