Realistbear Posted January 29, 2006 Share Posted January 29, 2006 http://portal.telegraph.co.uk/money/main.j.../ixcitytop.html Bankruptcies soar to a new record By Robert Watts (Filed: 29/01/2006) Britain's £1.1 trillion debt mountain is forcing record numbers of individuals into insolvency , official figures are expected to show this week. On Friday the Government will publish the latest personal and business insolvency data. Capital Economics, the City consultancy, expects the number of people filling for insolvency in the final three months of 2005 to top 20,000 for the first time - a 14 per cent increase on the previous quarter. The number of businesses going to the wall rose sharply in the final weeks of last year. Baker Tilly, the accountant, predicts the official figures will show that corporate insolvencies were 10 per cent higher in the final quarter of last year than in the same period in 2004. The accountant believes that the number of companies going into administration has risen by 25 per cent over the past year. Fools and their money.......... Quote Link to comment Share on other sites More sharing options...
Mags Posted January 29, 2006 Share Posted January 29, 2006 http://portal.telegraph.co.uk/money/main.j.../ixcitytop.html Bankruptcies soar to a new record By Robert Watts (Filed: 29/01/2006) Britain's £1.1 trillion debt mountain is forcing record numbers of individuals into insolvency , official figures are expected to show this week. On Friday the Government will publish the latest personal and business insolvency data. Capital Economics, the City consultancy, expects the number of people filling for insolvency in the final three months of 2005 to top 20,000 for the first time - a 14 per cent increase on the previous quarter. The number of businesses going to the wall rose sharply in the final weeks of last year. Baker Tilly, the accountant, predicts the official figures will show that corporate insolvencies were 10 per cent higher in the final quarter of last year than in the same period in 2004. The accountant believes that the number of companies going into administration has risen by 25 per cent over the past year. Fools and their money.......... Astonishing! The Daily Mail also had an article in it on Friday saying that we are in debt to the tune of £19,000 for every man woman and child in the country. I'd be interested in a bullish response to the debt crisis... anyone? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 29, 2006 Author Share Posted January 29, 2006 Astonishing! The Daily Mail also had an article in it on Friday saying that we are in debt to the tune of £19,000 for every man woman and child in the country. I'd be interested in a bullish response to the debt crisis... anyone? Deafening silence from the Bulls Quote Link to comment Share on other sites More sharing options...
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