Bankruptcies reach record levels. The number of people being declared bankrupt in England and Wales has hit a new record, according to the government's Insolvency Service.

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Bankers made 'astonishing mess'






The effects of the continuing banking crisis will be felt for generations, a committee of MPs has warned. The Treasury committee, in its second report on the crisis, said it had been caused largely by the banks' own reckless behaviour.

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