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Recession - Small businesses struggle in dire economy

    • Michelle Worvell

    • Indicative reading time: 2 minutes

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According to the latest research from London-based business advisors BDO Stoy Hayward that was condu...

According to the latest research from London-based business advisors BDO Stoy Hayward that was conducted by the Centre of Economic Business Research, one in 56 businesses will fail this year - an increase of 59% from 22,600 last year. In 2010, the news is not much better, with one in 50 - or 39,000 - expected to fail as the recession takes it toll.

While all sectors will suffer from an increase in business failures, those in construction and real estate will bear the brunt from the effects of

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