Taxpayers foot bill for retail insolvency payouts

// £346.1m paid out by The Insolvency Service to former staff of businesses that ran into trouble last year
// The cost of payouts to redundant staff jumped 16% and is the highest in 7 years
// The recent raft of retail insolvencies contributed to the increaseTaxpayers picked up the bill for a wave of insolvencies last year, with the cost of payouts to redundant staff jumping by 16 per cent.
A total of £346.1 million was paid out by The Insolvency Service to former employees of busin