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Economy

CEBR warns business closures could hit 28,000 in 2024

The second quarter of 2023 saw over 6,700 business insolvencies in the UK, more than double what was seen in a typical quarter during the pandemic

Rising interest rates could cause an average of 7,000 businesses to go bust every quarter in 2024, the Centre for Economics and Business Research (CEBR) has warned.

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