Highest ever increase in Personal Insolvency since 2010 ...

The Guardian business news (30 Jan 2020), reported a 6% increase in Personal Insolvency - the highest annual total since 2010 based on figures recently released by the government’s Insolvency Services.

The report claims that the steep rise in Insolvency is mainly due to low-income households relying on expensive consumer debt at an increasing rate over the past decade and were now vulnerable to unexpected hard times. See the full article here..