1967 saw a huge increase in the number of business concerns going bankrupt or being liquidated. More people and companies failed than in any year since the war. The High Courts in London made 1,006 winding up orders against companies in 1967 compared with 793 in 1966 - a iump of 27%, At London bankruptcy courts 975 people had receiving orders made against them in 1967, There were 802 in the year before and 758 in 1965, Detailed figures for the whole of Britain are not yet available, but reliable estimates put them as being between 11 and 14 per cent. above the figures for 1966. The chief victims of effects of Wilson's deflationary policies were small builders, electrical firms, haulage contractors, and the rag trade. Most experts expect the trend to continue in 1968.
The WeekThe Week Vol. 9, No. 1, c. 3 January 1968
(2) Bankruptcies Reach New Record
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