Understand cover image

The Economy: 14. Bankruptcy and Insolvency

Understand

00:00

How Many Bankruptcies and Insolvencies Do You Know?

In England and Wales together, more than 20,000 businesses went insolvent in the first 11 months of 2022. That is 60% higher compared with the same period in 2021. Bankruptcy is a signal of might the economy be going into recession or not? And it's a good canary in the cage, if you like, for what might be happening to the economy as a whole. In 1542 Henry VIII introduced the statute of bankrupts. This gave the authorities permission to forcibly remove the property of anyone who'd fallen into sizeable debt.

Play episode from 05:45
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app