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<p>Gambling and Other Rash Speculation was recorded as the main cause of insolvency
in 2% of the total bankruptcy orders made in 2018/19, or 373 cases. The numbers of
bankruptcies with this listed as the primary cause have varied in the last ten years,
falling to their lowest point of 158 in 2015/16 and then rising in subsequent years
(see Table 1 below). Rises or falls in annual bankruptcy numbers can be complex and
will relate to a number of factors such as interest rates and creditor attitudes.
Over the same period problem gambling rates in Great Britain have remained stable
at under 1% of the adult population.</p><p> </p><p>Table 1: Bankruptcy orders where
the primary cause was recorded as “Gambling and other rash speculation”, England &
Wales, 2008/09 to 2018/191</p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Total
Bankruptcy Orders [2]</strong></p></td><td><p><strong>Number of Bankruptcy Orders
with Gambling and Other Rash Speculation Listed as the Cause [3,4,5]</strong></p></td><td><p><strong>Percentage
of Bankruptcy Orders with Gambling and Other Rash Speculation Listed as the Cause</strong></p></td></tr><tr><td><p><strong>2008/09
[5]</strong></p></td><td><p>72,383</p></td><td><p>728</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2009/10
[5]</strong></p></td><td><p>72,863</p></td><td><p>543</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2010/11
[5]</strong></p></td><td><p>53,326</p></td><td><p>363</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2011/12</strong></p></td><td><p>38,460</p></td><td><p>201</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2012/13</strong></p></td><td><p>29,325</p></td><td><p>185</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2013/14</strong></p></td><td><p>23,575</p></td><td><p>168</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2014/15</strong></p></td><td><p>19,065</p></td><td><p>163</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2015/16</strong></p></td><td><p>15,219</p></td><td><p>158</p></td><td><p>1%</p></td></tr><tr><td><p><strong>2016/17</strong></p></td><td><p>15,352</p></td><td><p>238</p></td><td><p>2%</p></td></tr><tr><td><p><strong>2017/18</strong></p></td><td><p>15,408</p></td><td><p>300</p></td><td><p>2%</p></td></tr><tr><td><p><strong>2018/19</strong></p></td><td><p>16,725</p></td><td><p>373</p></td><td><p>2%</p></td></tr></tbody></table><p>
</p><p>Notes:</p><p>1. Source: The Insolvency Service.</p><p>2. Total bankruptcy statistics
are consistent with National Statistics published by the Insolvency Service at<a href="https://www.gov.uk/government/collections/insolvency-service-official-statistics"
target="_blank"> https://www.gov.uk/government/collections/insolvency-service-official-statistics</a>.</p><p>3.
The cause of bankruptcy is recorded on the Insolvency Service’s case administration
system. These data are management information and have not undergone the same level
of quality assurance as the Insolvency Service’s National Statistics outputs.</p><p>4.
The data provided as cause of bankruptcy is reliant on the Insolvency Service’s examiner
listing Gambling and Other Rash Speculation as the primary cause of bankruptcy, so
it cannot be guaranteed that this figure covers all bankrupts that had gambling debts.
The Gambling and Rash Speculation category covers causes other than gambling, but
it is not possible to break this down further.</p><p>5. Data on cause of bankruptcy
prior to 2011/12 is from The Insolvency Service’s legacy system, so they cannot assure
its accuracy. Following data migration they became aware that some legacy data was
not compatible with the new case management system and can therefore be unreliable.</p>
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