Credit, Collections & Insolvency News
Following the Spring Budget announcement from Phillip Hammond, Markus Kuger, Senior Economist at Dun & Bradstreet has given his thoughts on what this means for UK Businesses and how they still need to be vigilant in light of Brexit. “In the latest spring budget, Chancellor of the Exchequer Phillip Hammond has announced his vision to make…
Read more
Changes to corporation tax loss relief included in the Budget Red Book could damage UK business rescue, warns insolvency and restructuring trade body R3. The 2017 Budget was a missed opportunity to amend the reforms, which were first proposed in last year’s Budget and are due to come in on the 1st of April 2017. The…
Read more
With £820million of new anti-tax avoidance measures announced in today’s Budget, Andrew Tate, president of insolvency and restructuring trade body R3, says: The government needs to think more carefully about the impact its anti-tax avoidance tools have on those individuals affected. Tackling the abuse of the tax system is needed, but efforts to do so should…
Read more
Following the announcement of today’s Budget the Money Advice Trust has suggested that a year of pressure lies ahead for UK households. Joanna Elson OBE, Chief Executive of the Money Advice Trust, the charity that runs National Debtline and Business Debtline, said: “While the economy is performing better than expected, the OBR’s forecasts point to a year…
Read more
In 2016, insurance company Zurich found that more than 53% of Britain’s small and medium sized businesses (SME) have issues with late payments with 41% of those experiencing serious cash flow problems as a result. According to Zurich’s SME risk index, £225bn is owned in late payments to British SMEs and two-thirds of UK SMEs agree that…
Read more
The Office for National Statistics (ONS) has published its latest Wealth and Assets Survey. Early indicator estimates from the survey: attitudes towards saving for retirement, credit commitments and debt burden show that nearly half (46%) of GB adults thought buying property would be the best way of making money for their retirement in 2014/16, up from 43%…
Read more
E.ON has announced an 8.8% dual-fuel price increase from the end of April 2017, it will increase its standard variable dual fuel prices from Wednesday 26th April 2017. It is thought around 2.5 million customers will be hit by the price rise. The dual fuel price change stems largely from an increase in costs, due…
Read more
The Financial Conduct Authority (FCA) and the Money and Mental Health Policy Institute have teamed up to set financial and technology firms an ambitious mental health challenge. The charity and the financial regulator are bringing together some of the UK’s biggest banks and new start-ups to compete in a mental health ‘TechSprint’ hosted by PwC;…
Read more