British firms are seeing a distressing rise in bad debt, according to a story in the Stalbans Observer. The bad debt is primarily due to customers not paying their debts.
Large firms are seeing upwards of £88,000 (US$158,616) worth of bad debt on average ? almost double that of previous years. Small to medium firms are writing off on average £14,000 (US$25,235) in bad debt annually.
You can read more about this story at Bad debt continues to rise.
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