Monday, 18 January 2010

140,000 UK firms on the rocks as recession keeps biting

More than 140,000 UK firms experienced ‘significant or critical’ financial problems last quarter, according to insolvency specialist Begbies Traynor – a 6% rise on the previous three months. With the unemployment figure also expected to hit a 14-year high this week, and a think-tank suggesting that the economic gap between UK cities is getting even wider, one thing is abundantly clear: even if we do technically emerge from recession soon, we’ll be feeling its effects for a while yet...


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