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Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors
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LONDON—Thousands of businesses across the U.K. are buckling under rampant inflation and flagging consumer demand, adding to a growing corporate casualty list in Europe stemming from the war in Ukraine.
The conflict, which has boosted prices for energy and many other goods, threatens to send parts of Europe into recession this winter. Scores of factories across the continent have throttled back production because soaring natural-gas prices have made production unprofitable.
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