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flag Nearly 50,000 UK businesses face collapse due to increased wage costs, risking pub closures and job losses.

flag Nearly 50,000 UK companies, especially retailers and hospitality businesses, are at risk of collapse due to rising wage costs from recent budget measures. flag The number of firms in critical financial distress increased to 49,309 in the second quarter, with bars, restaurants, travel, and retail sectors seeing significant rises. flag The hike in national insurance contributions and minimum wage has put immense pressure on small businesses, leading to potential pub closures and job losses.

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