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News from the BBC (http://news.bbc.co.uk/1/hi/business/8358688.stm):

Newly established small firms should be given some form of tax exemption for their first year or two of business, a report has concluded.

The suggestion is one of 10 core findings in the study produced by the British Library’s Business & IP Centre.

It adds that a fast-track scheme should be created to help firms patent ideas, and that broadband speeds must rise.

The report has been produced to coincide with Global Entrepreneurship Week, which starts on Monday.

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News from the BBC:

A record number of people were declared insolvent in England and Wales in the third quarter of 2009, according to figures from the Insolvency Service.

There were 35,242 personal insolvencies, up 28% from the same period last year and an increase of 6.6% on the previous three months.

This extended the record number which was reported earlier this year.

But there was better news for business, with 4,716 company liquidations, down 4.7% quarter-on-quarter.

However, the number of businesses in England and Wales going bust in the third quarter of the year was still 14.6% higher than the same period a year ago.

http://news.bbc.co.uk/1/hi/business/8346170.stm