Credit, Collections & Insolvency News
Latest information from the Office for National Statistics (ONS) has provided an insight into household expenditure over the past 12 months. The main findings from the study were: · Average weekly household spending remained level at £528.90 in the financial year ending 2016, coinciding with a slowdown in consumer confidence · Low-income households continued to…
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CVR Global LLP, has strengthened its senior team with the appointment of Kevin Humphreys as Associate Director. Humphreys is a vastly experienced financial investigator and qualified HM Inspector of Taxes. He joins CVR Global from National Crime Agency (NCA) Economic Crime Command where he was Principal Officer, Financial Investigations. Humphreys will be based in London…
Read moreThe HMRC collected an additional £140 million via investigations into unpaid Capital Gains Tax (CGT) over the last year* shows data provided by HMRC to Collyer Bristow. Collyer Bristow explains that £55 million of the extra CGT related to investigations into ‘wealthy individuals’ and mid-sized businesses, whilst the remaining £85 million was obtained from everyday taxpayers and small businesses. “The statistics make clear that this area…
Read moreWhitmore Reans Credit Union has announced it has appointed liquidators. In March 2016, the Wolverhampton-based credit union stopped trading after it was unable to repay deposits to its members. The Financial Services Compensation Scheme (FSCS) stepped in to protect the 981 members of the credit union. Whitmore Reans Credit Union has now revealed that on…
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A third of Brits believe their partner is lying to them about how much money they spend. According to a survey conducted by Paymentsense on 2000 people in a relationship in the UK, people aren’t always honest to their partners about their spending habits. 40% of women admit to lying to their partner about what they…
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FRP Advisory has announced that it has appointed three new partners and seven business restructuring advisers to a new office in Preston David Acland, Steve Williams and Lila Thomas have joined as partners. Acland has 30 years’ experience in restructuring and turnaround and had a 25-year career with Begbies Traynor, becoming regional managing partner based…
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Four million more people are living below an adequate standard of living and are just about managing at best, according to new research by the Joseph Rowntree Foundation (JRF). The report sheds light on how different kinds of household are faring, against the Minimum Income Standard (MIS). MIS is a benchmark of income adequacy, as defined…
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