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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by BankruptcyNews[/i] [br]Lending, insolvencies increasing. Bank of England states net lending now stands at AGBP1.32bn, while insolvencies have risen by 23 per cent this year Net lending to individuals rose AGBP10.8bn in March, a smaller increase than in the previous month, the Bank of England has announced. According to the Bank of England, AGBP1.32 trillion is now outsanding in lending to individuals. The Bank also reported that net lending on dwellings increased to AGBP9.9bn in March. Also, the number of loans approved for house purchase at 113,000, remortgaging at 102,000 and those for other purposes at 73,000, were all lower than in February. The news comes amid increasing personal insolvencies. The Insolvency Service has produced figures showing that in the first quarter of this year, individual insolvencies in England and Wales increased by 23.9 per cent year-on-year to 30,075 in the first quarter of this year. This was an increase of 1.2 per cent on the previous quarter. James Falla, managing director of Thomas Charles, which provides independent advice for people who are heavily in debt, said: "Total insolvencies this quarter crept over 30,000 by a whisker and this is indeed a milestone. "However, considering the first quarter is usually the busiest quarter of the year, and the fourth quarter the quietest, an increase of just 1.2 per cent on the previous quarter is lower than expected, especially when compared to the 17.4 per cent increase we saw between the fourth quarter and first quarter last year. "It therefore seems that personal insolvencies are slowing down significantly compared with the rapid growth we saw last year." Vince Cable MP, shadow chancellor for the Liberal Democrats said the figures demonstrated the severity of Britain's personal debt crisis. He said: "These figures equate to more than 300 people being declared insolvent every day - a truly astonishing number. But these are not freak figures. Source: financialadviser.co.uk See my Blogs: http://bankruptcynews.blogs.bankruptcyhelp.org.uk [/quote]   Check here to include your profile signature.