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UK Has More ‘Fragile Firms’ Than EU Peers, Allianz Report Says
The UK has the highest proportion of “fragile firms” out of all major European economies, another sign of the headwinds facing Prime Minister Rishi Sunak as he attempts to boost growth. About 15% of small and medium-sized enterprises in the UK are at risk of defaulting on their debts over the next four years, according to research published today by Allianz Trade. That’s above France at 14%, Italy at 9% and Germany at 7%, the credit insurance firm found. The figures follow official data showing the UK slipped into a recession at the end of last year, with many analysts expecting stagnation for the next year. ... (full story)