So, the News of the World issues have been knocked off the front pages by crashing stock markets, more Eurozone problems and now riots throughout the country. Where will it all stop?
Furthermore, according to our friends at Begbies Traynor, 5179 companies in the UK were facing critical problems in the second quarter of this year representing liabilities of nearly £60bn. Their Red Flag report, issued in July, tells us that the number of companies in critical condition shows a 12% increase on the previous quarter. As possibly expected, the sectors which have continued to suffer are retail, hotels & accommodation, and travel & tourism.
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