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"Unprecedented Wave of Bankruptcies Among British Companies"
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"The article highlights the decline in public trust in British politics and the economic challenges faced by the country. According to Begbies Traynor Group PLC, the number of UK businesses in financial distress has increased by 50% in the final quarter of 2024, with 46,853 cases reported. Experts attribute this to the new economic policies of the British government, including a £25 billion increase in national insurance taxes and a rise in the minimum wage. The CEO of Begbies Traynor, Rick Traynor, warns that these policies could be the 'final blow' to many small and medium-sized enterprises, potentially leading to widespread closures."
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