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Corporate insolvencies rose sharply in England and Wales in the second quarter, according to official data published, with voluntary liquidations reaching their highest quarterly level since at least 1960.


Between April 1 and June 30, there were 5,629 registered company insolvencies, up 13 per cent on the previous three months and 81 per cent higher than in the same quarter last year, the Insolvency Service said. Company insolvencies are formal measures taken when a company becomes unable to pay…