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Debt Mountain Creating Record Insolvency Levels

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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..........

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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?

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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 <_<

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  • 301 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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