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It comes as more UK businesses closed since records began in 2002, surpassing the number of new start-ups founded for the first year since 2010.

Thousands of businesses in Lancashire shut their doors for good in 2022, new figures show.

It comes as more UK businesses closed since records began in 2002, surpassing the number of new start-ups founded for the first year since 2010.

In his autumn statement, Chancellor Jeremy Hunt announced a range of tax cuts to aid businesses.

5,565 businesses in Lancashire ceased trading in 2022 as Chancellor rveals a range of tax cuts to aid firms