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UK Faces Wave of Business Insolvencies Amidst Tax Hikes and Tariffs
The number of British companies going bankrupt increased by 9% in March 2025 to almost 2000, with a 13% rise in financially distressed firms in Q1, largely impacting hospitality and tourism due to higher taxes and US tariffs, suggesting a potential new wave of insolvencies.
UK Faces Wave of Business Insolvencies Amidst Tax Hikes and Tariffs
The number of British companies going bankrupt increased by 9% in March 2025 to almost 2000, with a 13% rise in financially distressed firms in Q1, largely impacting hospitality and tourism due to higher taxes and US tariffs, suggesting a potential new wave of insolvencies.
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