NEW figures have revealed insolvency rates in the coastal town of Scarborough are the highest in the country. The shock statistics show rates in the North East, Yorkshire and the Humber and the North West are the worst in England and Wales. The insolvency trade body R3 says the statistics are a stark reminder of the continuing North South divide.
The results are for 2019 and show 453 people insolvent in Scarborough, a rate of 50.8 per 10,000. The lowest was in Westminster with 8.2 per 10,000. It’s feared numbers will soar following the pandemic. Leeds barrister Eleanor Temple, Chair of R3 said eight out of the ten local authorities with the highest rates are in coastal areas.
She added:”With higher personal insolvency rates a symptom…
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