North-South gap widens

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Global information services company Experian says a study of company failures has shown a widening gap is opening up between the North and the South.

Insolvency rates were highest in the North West, North East and Yorkshire during November, when between 11 and 14 out of every 10,000 businesses hit the financial buffers.

At the same time, around eight out of every 10,000 businesses in the South East, South West and Greater London failed.

Failures in Yorkshire rose from 10 per 10,000 in November 2010 to 11 in the same month last year.