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LATEST NEWS & EVENTS BRC warns over further retail insolvency problems  More shops will go to the wall over the coming months, the British Retail Consortium (BRC) has claimed. It issued the warning as new figures show the corporate insolvency rate in the retail sector has risen, with Deloitte revealing the number of administrations increased from 165 in 2010 to 183 in 2011. The BRC said it agrees with the consultancy firm's advice that the number of retail administrations is likely to rise in the coming months, particularly with business rates due to go up by 5.6 per cent in April. Worryingly, administrations for the fourth quarter of 2011 were up more than 25 per cent compared with the same period a year earlier, wiping out some of the improvements since the recession of 2008. BRC director-general Stephen Robertson said: "2011 was a tough year with virtually no real terms growth for retailers. "In such a competitive sector there will always be businesses that do well while others struggle but seeing such a high number of failures in the final quarter of the year is particularly alarming." Posted by Alex McLean 
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