UK firms in ‘critical financial stress’ jump by a third as costs rise, report finds
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<p>Insolvency firm points to tax rises, staff costs and shaky consumer confidence after number increases to 62,193</p><p>The number of UK businesses in “critical financial distress” has risen by more than a third over the past year, according to insolvency practitioners, as companies contend with a “slew of increased taxes” and the impact of the Middle East conflict.</p><p>Hospitality and leisure firms have been faring particularly badly because of shaky consumer co
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<p>Insolvency firm points to tax rises, staff costs and shaky consumer confidence after number increases to 62,193</p><p>The number of UK businesses in “critical financial distress” has risen by more than a third over the past year, according to insolvency practitioners, as companies contend with a “slew of increased taxes” and the impact of the Middle East conflict.</p><p>Hospitality and leisure firms have been faring particularly badly because of shaky consumer co
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