Many more businesses may face closure next year

The UK has been overwhelmed with concern over recent weeks, with some of the best known retailers announcing that they are going into administration, having been unable to continue coping with huge debts as the recession, the global credit crunch, and the continuing economic downturn continue. Woolworths, MFI, and Zavvi are just a few of the big names to have made the dreaded announcement, but there could be many more to come according to some industry officials. Read more

Tags: business closures, expert, closure, early christmas sales, insolvency, stock