The devastating impact of the recession on the private sector is revealed today as 127 companies a week or 12,049 in total have been forced to close, since Brian Cowen has become Taoiseach. Shocking new figures from the Revenue Commissioners reveal that since 2008, 12,049 firms and 40,758 individuals have officially ceased trading.
That works out as 127 company closures a week for each of the 95 weeks Mr Cowen has been Taoiseach or 18 a day, far higher than all previous estimates. In addition to those closing, 429 individuals a week have ceased trading since 2008 or 61 a day in the last two years.
Friday, March 19, 2010
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