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Commercial disputes cost billions

Commercial disputes are reportedly costing small businesses up to £11.6bn a year in litigation fees, the Federation of Small Businesses has reported. These hefty costs are said to have affected 70% of SMEs between 2010 and 2015. With 5.7 million small to medium enterprises operating in the UK in 2018, that equates to a potential of 3.9 million businesses facing some kind of dispute last year.

www.fsb.org.uk

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