1% Rise In Interest Rate Could Lead To 18,000 More People Going Bankrupt
Posted in 1% Rise In Interest Rate, Bankruptcy, Business Insolvency, Insolvency, Insolvency Advisor, Insolvency laws, Insolvency Practitioner, Insolvency Trade Body
While an increase in the Bank of England base rate isn’t yet on the cards, even a small rise could trigger 18,000 more bankruptcies by 2020. This was according to government calculation on the impact of any future rate rise on the general public. The findings suggest that a significant number of people are vulnerable…