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Tide of business bankruptcies to halt next year
THE tide of businesses sinking into bankruptcy over the financial crisis will be stemmed by early next year, a new report shows today.
The report, by accountancy firm BDO, said the rise in the number of firms going bust – over one in 60 businesses this year – would end next year as the UK economy returns to growth.
But it said the road to recovery would be two-speed, with consumer firms continuing to feel the strain but conditions improving in the manufacturing, property and business sectors.