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Small businesses in financial distress as a result of National Living Wage

According to research from insolvency firm Begbies Traynor, on October 1 2016 there were 97,342 businesses experiencing financial distress within the sectors most impacted by the National Living Wage; a 23 per cent increase compared to six months earlier when the regulation was first introduced (78,917 businesses as of April 1 2016). This figure includes 33,835 retailers,
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