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READ MOREBusinesses in distress increase by a fifth over a year
Insolvency expert Begbies Traynor calls on government to take softer line with small firms struggling to repay Covid debt.
New research suggests that the number of small businesses considered to be in critical distress has increased by nearly one fifth in a year.
The insolvency experts Begbies Traynor said that the figures in its long-running Red Flag Report pointed to an impending wave of business failures, with Covid-related support for firms being withdrawn as inflation hits both business and consumer confidence.
Read more at smallbusiness.co.uk
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Bank of England sketches out lighter regime for small banks
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