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Business minister blames insolvency rise on ‘austerity’ – BBC News

BanknotesImage copyright
PA

Scotland’s business minister has blamed “continuing austerity” for a sharp rise in personal insolvencies.

The last quarter saw insolvencies rise year-on-year by 17.3% to 2,839, according to official figures.

Paul Wheelhouse claimed there was “no question” austerity had led to “more people suffering the anxiety and distress of insolvency”.

The Scottish Conservatives called on the Scottish government to do more to help people deal with personal debt.

Accountant in Bankruptcy (AiB), which administers the process of bankruptcy and records corporate insolvencies, said personal bankruptcies increased by 1…

Read the full article at: http://www.bbc.com/news/uk-scotland-scotland-business-40730958

Category: LiquidationBy Insolvency GuardianJuly 26, 2017

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Business minister blames insolvency rise on ‘austerity’ – BBC News

Business minister blames insolvency rise on ‘austerity’

  • 26 July 2017
  • From the section Scotland business

BanknotesImage copyright
PA

Scotland’s business minister has blamed “continuing austerity” for a sharp rise in personal insolvencies.

The last quarter saw insolvencies rise year-on-year by 17.3% to 2,839, according to official figures.

Paul Wheelhouse claimed there was “no question” austerity had led to “more people suf…

Read the full article at: http://www.bbc.co.uk/news/uk-scotland-scotland-business-40730958

Category: BankruptcyBy Insolvency GuardianJuly 26, 2017

Post navigation

PreviousPrevious post:Court Confirms BCBG Comprehensive Restructuring Plan – PR Newswire (press release)NextNext post:Business minister blames insolvency rise on ‘austerity’ – BBC News

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