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Government Covid-19 support helps drive down company failures

Millions of people across the UK were furloughed on 80% pay

The number of UK firms going bust tumbled by a third last month thanks to Government life-support measures but companies may face greater risks as the economy emerges from coronavirus, according to a report. The steep drop comes after the Government launched its mammoth job retention scheme that has seen millions of people furloughed on 80% pay, as well as a raft of loan and finance support schemes.

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