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A report from Price Waterhouse Cooper has shown the construction industry to be worst affected by the economic downturn. Bankruptcies in the UK are up 57% on 12 months ago with 829 companies heading to the courts in the first quarter of 2009.

The construction industry topped the list of affected businesses, followed by manufacturing, retail, hospitality and real estate. A spokesperson for the FSB predicted that 36,000 business faced a similar fate before the end of the year.