Uk insolvencies

[toofast2live]

There are two interesting articles in the DT this morning. One reports the highest ever levels of employment and record low unemployment, and further states that this is in decent paying jobs not the dross gig economy. The other reports that corporate and individual insolvencies are at a seven year high.

I assume this paradox is resolved by the fact that real wages have been static for nearly ten years.

But any other thoughts?

[dspp]

Benefits have been quite reasonably tightened up. Fairly crudely, if you have more than £6k in savings or thereabouts, you can't get benefits. Therefore a lot of people who have been made unemployed go into some sort of sole tradership to try to scrape a living. Often a while later it all goes permanently wrong, but in the meantime you have the simultaneous high employment and (serial) high insolvencies.

just my observation.
- dspp