UK companies facing COVID-19 “pincer movement”, data shows

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New data suggests the UK economy is facing a worrying “pincer movement” due to the coronavirus pandemic, with a surge in limited companies going bust being mirrored by a drop in new firms setting up. The analysis by the Enterprise Research Centre shows that 61,472 limited companies folded between the start of March and mid-April, with a parallel drop in the numbers of new firms registering with…

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