Thursday, May 26, 2022

Brexit, Covid threaten 250,000 small UK firms

LONDON: More than one quarter of a million small British businesses face bankruptcy this year without more state help amid coronavirus and post-Brexit trade fallout, a study showed on Monday.

“A record number of small business owners are planning to close their firms over the coming twelve months, putting the UK on course to lose more than a quarter of a million businesses,” the Federation of Small Businesses estimated after last month quizzing 1,401 firms on their outlooks.

Source: The News

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