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UK personal insolvencies hit 5-year high in gloomy sign for economy – Reuters

LONDON (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 Britains consumer economy.

FILE PHOTO: People walk across Westminster Bridge in London, Britain, June 22, 2017. REUTERS/Marko Djurica

The governments 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, …

Read the full article at: https://uk.reuters.com/article/britain-economy-insolvency/uk-personal-insolvencies-hit-5-year-high-in-gloomy-sign-for-economy-idUKL4N1N24X6

Category: BankruptcyBy Insolvency GuardianOctober 28, 2017

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UK personal insolvencies hit 5-year high in gloomy sign for economy – Reuters

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 Britains consumer economy.

The governments 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 relief for consumers easier to obtain, acc…

Read the full article at: https://www.reuters.com/article/britain-economy-insolvency/uk-personal-insolvencies-hit-5-year-high-in-gloomy-sign-for-economy-idUSL4N1N24X6

Category: BankruptcyBy Insolvency GuardianOctober 27, 2017

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PreviousPrevious post:UK personal insolvencies hit 5-year high in gloomy sign for economy – Kitco NewsNextNext post:Personal insolvencies rise thanks to voluntary arrangements – economia

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