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11/21/2009 •
News & Analysis > Banks/Credit Unions

Bad UK debt continues to rise

April 27, 2006
 
April 27, 2006
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British firms are seeing a distressing rise in bad debt, according to a story in the Stalbans Observer. The bad debt is primarily due to customers not paying their debts.

Large firms are seeing upwards of £88,000 (US$158,616) worth of bad debt on average – almost double that of previous years. Small to medium firms are writing off on average £14,000 (US$25,235) in bad debt annually.

You can read more about this story at Bad debt continues to rise.

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