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Insolvencies soar through visa policy, UK

Stricter immigration rules for foreign students and new UKBA rules have caused the number of businesses going bust in the education sector to soar by 44%, according to research from a British accountancy firm. 169 educational institutions became insolvent in 2011, up from 117 in 2010. Corporate insolvencies as a whole rose by just 3% in the same period.

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