Business insolvencies down 17%

Arrow going down

According to the information services company, 1,635 UK businesses failed last month, down from 1,976 insolvencies recorded in October 2009. The result means an insolvency rate of 0.08% of the business population in October 2010.

All regions saw year-on-year falls in insolvency rates, with Scotland being the region with the lowest rate of insolvencies - 0.05%.

Yorkshire and the North east - the regions with the highest insolvency rate in October 2009 - saw the biggest improvement. In the North

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