A SQUEEZE on incomes as a result of Westminster austerity is behind a 17 per cent increase in personal insolvencies, according to Scotlands Business Minister.
Paul Wheelhouse made the comments after the latest data showed debts forced 2839 people to either become bankrupt or take out a protected trust deed over the period April to June 2017.
The figure is up from 2420 in the same period of 2016.
Wheelhouse said: On the personal insolvency front, there is no question that continuing austerity has led to incomes being squeezed and more people suffering the anxiety and distress of insolvency as a result.
While personal insolvencies increased, the latest data from Accountant in Bankruptcy showed a fall in business…
Read the full article at: http://www.thenational.scot/news/15436163.Austerity_is_blamed_for_rise_in_personal_insolvency/
