Brits in the Red reaches 11-year high

The number of people going bankrupt in Britain remained at an 11-year high during the first three months of the year, figures in the UK have shown.

Data from the UK's Department of Trade & Industry (DTI) showed 10,294 people in England and Wales became insolvent in the first quarter – 0.5% lower than the previous three months but still 26.8% higher on the same period a year ago.