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Rate Of Insolvencies Highest In The North Of England

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Further evidence of a north/south divide in business confidence has emerged as data confirmed company failures in the north of England are running at significantly higher rates than in the rest of the United Kingdom.

In its latest report credit reference group Experian said that business insolvencies fell to 0.07% in November 2010 – down from 0.09% in same month last year. However, it noted that businesses in southern England appear to be faring better than their northern counterparts.

The report published today backs up the most recent figures from the Insolvency Service which suggest companies are enjoying better trading conditions than a year ago, albeit with a wide regional variations.

Experian reports that business in the southeast, south west, Greater London and eastern England were the four regions that recorded the lowest failure rates of 0.06%.

Companies in Yorkshire, the north-east and the north-west have been failing at a much higher rates – of between 0.09% and 0.1%. Scotland is the only area where more businesses have failed this year, than in 2009.

The recovery continues.

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What a surprise from the heartland of the liar loan ands scam industry.

Up here people need to be kept away from lax lending as they're addicted to it. It's seen as a form of entitlement just as much as "me benefits, like".

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The scary aspect to this is that this uptick in insolvencies is happening before the government spending cuts start to bite, given the extent to which the economy of practically everywhere outside the Home Counties is dependant on the public sector. One figure I've heard quoted frequently is that 96% of jobs in Newcastle that pay above the national average wage are either directly in the public sector or companies that depend on the public sector.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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