Brassic Highs

The number of people declared insolvent in England and Wales in the third quarter of 2005 has hit a record high.

Department of Trade & Industry figures showed 17,562 personal insolvency cases, up 46% on a year ago, including 12,043 bankruptcies.

The DTI said there was no specific reason for the rise, which has now gone on for seven quarters in a row.

Well they would say that, wouldn't they?

I know who I blame.

Filed under: Politics, New Labour Spin