Dramatic Surge In Repossessions And Bankruptcy

[Realistbear]

http://www.abcmoney.co.uk/news/0420061866.htm

The data from the department of trade and industry showed that company liquidations fell by 5.5 per cent on the quarter but were still

up 8.5 per cent on a year earlier

to 3,187. But for 2005 as a whole, 2,257

companies in England and Wales hired administrators, an increase of 41 per cent from 2004

.

41% increase in Companies in trouble and the economy has only just begun to turn sour. Little wonder unemployment is starting to gather pace.

HPC 2006.

[libitina]

Good find. Too bad it's not being reported here.

[SpoonUnit]

Good find. Too bad it's not being reported here.

Or pretty much anywhere. You would think that a 40% YoY increase in companies going into admin. would merit the BBC business section... but no.

[Guest Bart of Darkness]

Or pretty much anywhere. You would think that a 40% YoY increase in companies going into admin. would merit the BBC business section... but no.

Has Jade Goody or Jordan been doing anything interesting lately though?

Remember, on such "news heavy" days, the Beeb have to prioritize!

[jellybean]

41% increase in Companies in trouble and the economy has only just begun to turn sour. Little wonder unemployment is starting to gather pace.

I the local paper (Southern Reportere) there was an interview with a bod from a debt counciling agency. He was asking for volunteers are they are currently overwhelemd by the number people contacting them.