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Every lender to retail companies is reviewing its exposure ahead of the expected downturn driven by the insane Labour government.

If you enter Feb 25 with a requirement to utilise more than 50% of your headroom all lenders will cut that headroom to reduce their exposure and in some companies they will call in their loans .

Only the cash rich will survive so expect a rash of CVA, Pre Pack and insolvency sell offs.

All of the major Administrator companies are recruiting/planning for a significant increase in retail insolvencies.

What use is a budget that does this ?

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