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LATEST NEWS & EVENTS UK Q4 GDP shrinks as corporate insolvency rate creeps up  The corporate insolvency rate in the UK crept up during 2011 as the economy failed to take off and growth stalled in the final three months of the year. UK GDP fell 0.2 per cent in the fourth quarter of the year, figures from the Office for National Statistics show. Over the course of the whole year, the economy grew by 0.9 per cent. Just as these figures were announced, Experian revealed the number of business insolvencies rose in 2011 compared to the previous year. Some 21,070 UK companies, 1.1 per cent of the total business population, failed in 2011, according to the firm. This was a marginal increase on the 1.03 per cent (19,818 failures) recorded in 2010. In 2008 and 2009, the insolvency rates were much higher, reaching 1.16 per cent and 1.25 per cent respectively. Max Firth, UK managing director for Experian's Business Information Services division, said: "Given the challenging economic climate in 2011, businesses in the UK were pretty resilient and this was reflected by the stable insolvency rate during the year." Posted by Alex McLean 
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