Friday, May 07, 2010
Personal insolvencies hit record high
BBC: Personal insolvencies at new high in England and Wales
A new record high has been recorded for the number of people being declared insolvent in England and Wales. There were 35,682 personal insolvencies in the first three months of 2010, a 17.9% increase compared with the same period a year earlier.
Posted by jack c @ 09:59 AM (637 views) Add Comment
3 Comments
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1. inbreda said...
and when they get realistic with interest rates this figure is going to be amply trumped on daily basis
2. p. doff said...
@1. Not sure they'll get realistic with interest rates for some time yet. I think it more likely that the £ will be allowed to collapse further instead.
Screw the savers until the pips squeak. Bail out the overborrowed and protect the banks at all costs.
3. happy mondays said...
Being a novice at all this financial stuff! How long can interest remain this low for ? or is this an ongoing situation that can last until the £ death roll?
Will this still prevent houses falling to an affordable level (to the average working mans wage) to many variations i suspect to be able to get any definite concise answers !