By Andy Bruce
LONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britain’s consumer economy.
The government’s Insolvency Service said 27,807 people in England and Wales registered as insolvent between July and September, up from 22,389 in the three months to June and marking the biggest total since the third quarter of 2012.
On a seasonally adjusted basis, the figure was just short of a three-year high struck in the first quarter of 2017.
Personal insolvencies have been rising over the past couple of years, largely due to changes in regulation that have made debt rel…
Read the full article at: http://www.kitco.com/news/2017-10-27/UK-personal-insolvencies-hit-5-year-high-in-gloomy-sign-for-economy.html
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