The Office of National Statistics (ONS) published data on 6th February 2014 showing that there has been an increase in the number of divorces in England and Wales.  The data showed that the number of divorces in 2012 was 118,140 which is an increase in 0.5% on the previous year.

 

The ONS has stated that generally, divorce rates have decreased since 2004 and that the increase in 2012 could be linked to economic factors.  It stated that “recent trends could be consistent with a series of  recessions associated with an increased risk of divorce, but with a delayed impact.  This perhaps relates to a couple’s wait for an economic recovery to lift the value of their assets or the time lag between separation and obtaining of Decree Absolute.  A similar trend can be seen during the previous recession in 1990-1992 where divorce rates increased remarkably in 1993 than during the recession itself.”

The data showed that 40-44 year olds were accounted for the most divorces, which is an age at which they are likely to have more substantial assets that carry important implications for making financial arrangements when they divorce.

At Ringrose Law we have a specialist family law team that can guide you through the process of divorce and reaching financial settlement.

Contact our team at one of our offices in Lincoln, Boston, Grantham, Sleaford, Spalding and Newark.

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