There are two contradictory ways to look at the latest statistics on corporate insolvencies for England and Wales, which fell sharply during the first three months of the year for the fifth successive quarter. They either make a nonsense of the idea that an army of zombie companies threatens to undermine the economy's recovery, or confirm our worst fears.

i Newspaper
 
TheIPaper
The Independent around the web
E-break Time
Independent Crossword

Personal bankruptcies fall to lowest level in five years

Official figures show drop of 27 per cent compared to this time last year

UK Coal talks to creditors in bid to save 2,000 jobs

UK Coal, Britain's biggest coal miner, is in talks with creditors to stay solvent and save up to 2,000 jobs amid claims its could go into voluntary liquidation after a blaze forced the company's largest mine to close.

A view from outside Rangers' stadium, Ibrox

Lawyers look into Rangers takeover

Lawyers from leading London-based firm Pinsent Masons will spearhead a club-commissioned investigation into the extent of Charles Green's links with former Rangers owner Craig Whyte.

A view from outside Rangers' stadium, Ibrox

Rangers post loss of £7m

Charles Green's consortium purchased the business and assets of Rangers last summer

Rangers assistant boss Kenny McDowall believes the turmoil of the last 12 months will make Ally McCoist a better manager

Ally McCoist is a credit to Rangers, says Kenny McDowall

Rangers assistant boss Kenny McDowall believes the turmoil of the last 12 months will make Ally McCoist a better manager.

Yellow Pages firm hibu heading for default

Bombed-out Yellow Pages publisher hibu reported another dire set of results today and admitted a default on £2 billion of debt was likely at the end of February.

Former Anglo Irish Bank to be liquidated after emergency laws are enacted in Ireland

The former Anglo Irish Bank is to be liquidated after emergency laws were enacted in Ireland overnight.

Possible Salford saviour in talks

Millionaire racehorse owner Marwan Koukash has been unveiled as the mystery businessman locked in talks aimed at saving Salford.

Pension problems could close more charities

A major charity helping vulnerable people this week became the first to go bust because it couldn’t afford to meet its pension obligations.

Twinkies maker files for bankruptcy

Hostess Brands, the bankrupt maker of the cream-filled Twinkies sponge cakes, sought court clearance to go out of business yesterday after failing to convince thousands of striking workers to accept an 8 per cent wage cut and reduced benefits.

Everything must go: Comet launches liquidation sale

Comet has launched a liquidation sale as administrators move to wind down the failed retailer ahead of store closures as early as next week.

Thousands fear losing their job as Comet faces collapse

Thousands of jobs are at risk as Comet, the 240-store electricals retailer, is poised to appoint an accountancy firm as administrator just nine months after the UK chain was bought for a token £2.

Club’s demotion is ‘morally’ correct, says Ally McCoist

Ally McCoist says fans should allowed to invest in Rangers

Ally McCoist has stressed the importance of Rangers supporters being allowed to invest in the future of the Ibrox club.

Celtic escape punishment over banner

Celtic have been found not guilty by the Scottish Football Association on all four charges relating to an alleged offensive banner displayed by fans during a pre-season friendly against Norwich at Parkhead.

Career Services

Day In a Page

Independent Travel Shop See all offers »
Dordogne, Albi and Carcassonne
Seven nights from only £1,039pp Find out more
South Africa
15 nights from only £1,899pp Find out more
Paris and the Cote d’Azur city break
Seven nights from £579pp Find out more
Seville, Granada and Malaga break
Seven nights from £549pp Find out more
Venice city break
Two nights from only £199pp - third night free on selected dates Find out more
Grand Elysée, Hamburg
Up to 47% off
OFFER ENDS 19 MAY Find out more
5* Turkey holiday
Up to 20% off
OFFER ENDS 19 MAY Find out more
La Maltese, Santorini
Up to 63% off
OFFER ENDS 19 MAY Find out more
'There is a battle going on inside us that is never discussed'

Masculinity in crisis?

'There is a battle going on inside us that is never discussed'
Have US shock jocks gone too far?

Have US shock jocks gone too far?

An incendiary remark from Rush Limbaugh may be the beginning of the end for outspoken right-wing US broadcasters
The ‘Beverly Hills’ of Surrey pays more income tax than big cities of the North

The ‘Beverly Hills’ of Surrey

Elmbridge pays more income tax than big cities of the North
Heavenly Bodies

Heavenly Bodies

Michael Landy's artistic marriage made in heaven... and hell
'He will always be a friend': Jackie Stewart backs Polanski

'He will always be a friend'

Jackie Stewart backs Roman Polanski
The price of pacifism: Refusing to go to war is finally being recognised as a brave act

The price of pacifism

From the Second World War refusenik to the 19-year-old Israeli, Holly Williams talks to five people who risked shame and suffering to take a stand as conscientious objector.
'It was mass hysteria': Jason Isaacs on groupies, theatre bores and snogging James Bond

Jason Isaacs: Groupies, theatre bores and James Bond

To millions, Jason Isaacs is one of Harry Potter's arch enemies – but his wife prefers him as a Scottish TV detective.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?

Sealand: 'Micronation' or illegal fortress?

Thomas Hodgkinson spent a week at the tiny platform off the Suffolk coast to find out.
Not a bad bone: Mark Hix cooks with cutlets and ribs

Mark Hix cooks with cutlets and ribs

If you ignore cutlets and ribs, you'll risk missing out on some delicious and easy meals, says our chef.
The experts' guide to summer: From getting fit for the beach to recreating that Olympic buzz

The experts' guide to summer

From getting fit for the beach to recreating that Olympic buzz
Sex, drugs and fast cars: The legend of James Hunt has set Hollywood hearts racing

Legend of James Hunt has set Hollywood hearts racing

Early glimpses of Ron Howard's film Rush suggest it will portray Hunt as a high-living lothario, with an insatiable appetite for partying.
Macklemore: 'I don't have moderation when using drugs and alcohol. It was hurting my life'

Macklemore: 'I don't have moderation'

The next Vanilla Ice or the next Eminem? Macklemore doesn't have a record contract – but he does have the UK's biggest-selling single of the year.
Don't be shy: Bill Granger's Sri Lankan recipes

Don't be shy: Bill Granger's Sri Lankan recipes

Sri Lankan cuisine is light, sunny, wonderfully spiced – and so easy to cook from scratch. Just as soon as you've broken into the coconut, that is.
Sir James Dyson’s latest project: Cleaning up hospitals

Sir James Dyson’s latest project: Cleaning up hospitals

Doctors are hailing the revamp of a Bath neonatal unit, where babies sleep more and feed better, as the model for patient care
One man returns to Argentina's town that drowned

One man returns to Argentina's town that drowned

Epecuen was submerged under 10 metres of water in 1985. Now the floods have gone – and 83-year-old Pablo Novak has moved back in