Insolvency rate varies across UK

Press Association
Piggy bank
Piggy bank

The regional gap between the rich and poor has been underlined by official figures showing the rate of individual insolvencies in recession-hit Britain.

The North East was the region with the highest total individual insolvencies rate in 2011 of 35.2 per 10,000 adults, twice that of London which was the lowest at 17.5, the Office for National Statistics (ONS) said.