Rate of business insolvencies steadies despite double dip recession
New data shows that the rate of business insolvencies has steadied despite the UK economy’s dip into a second recession.
The data, supplied by Experian, shows that the North East of England, a region that has traditionally been one of the hardest hit for insolvencies, was the best performing region recording a significant improvement in failure rates, declining from 0.22% of its business population in March 2011 to 0.14% in March 2012.
This was the biggest year-on-year improvement of any region. The rate for the country overall was 0.11%.
The health of the business community in the North East – measured using an
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