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Recession Affects UK Divorce Habits

The trying economic times facing the UK is leading to a rise in divorce, according to divorce lawyers across the country.

The most recent national figures show that there were some 120,000 divorces in Britain in 2010, a 5 per cent increase compared to the previous year. The recession has also changed the way that divorces are funded and assets split, lawyers say. With property values diminishing, the traditional route whereby a family home is sold and the proceeds fund both the divorce and a new start for both parties can no longer be relied upon.

Financial planner Fiona Read the rest