In its annual report, the Insolvency Service highlighted a growing gender gap as it said the overall insolvency rate in 2018 hit 25 per 10,000 adults – an increase of 3.6 per 10,000 on the previous year. As in 2017, Stoke-on-Trent had the highest insolvency rate at 51.9 per 10,000 adults – more than double the national average. The Insolvency Service said the rate for women was 26.6 per 10,000 adults against 23.3 for men. The gender gap widened from 1.8 to 3.2. “The introduction of DROs is a major reason why women reversed the gender gap in insolvencies.

Source: The Guardian July 17, 2019 12:22 UTC