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Four in ten microbusinesses shun business bank accounts – survey

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Four in ten microbusinesses shun business bank accounts – survey

Four in ten of the UK’s smallest businesses primarily run their finances with personal current accounts rather than business accounts, new research reveals.

New Ipsos MORI research commissioned by Swindon-based Nationwide Building Society said 43 percent of the UK’s 5.7m microbusinesses and 55 percent of sole traders are relying on personal accounts.

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