Increase in insolvencies highlights financial struggles facing firms and consumers
Insolvencies in England and Wales have increased, according to recent statistics. The Insolvency Service revealed that corporate and personal insolvencies rose by 2.9 per cent and 4.1 per cent respectively in February compared to January. Kelly Jordan, North East chair of R3, the UK’s insolvency and restructuring trade body, said: “The monthly increase in corporate…