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<p>While insolvencies have risen in absolute terms, when this is compared to the number
of active firms in the economy, the proportion of liquidations is well below previous
periods of high insolvency numbers. The Government continues to help businesses with
measures such as the Energy Bills Discount Scheme; the frozen business rates multiplier
for 2023/24 resulting in bills that were 6% lower; increased 75% business rates relief
for retail, hospitality and leisure properties; £1.6bn Transitional Relief, protecting
ratepayers facing bill increases and the Supporting Small Business scheme that provides
over £500 million in support.</p>
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