Credit, Collections & Insolvency News
The media behaves the same with fraud headlines as with any other news; it is selective. Major frauds make the cut, as do the more entertaining or exotic items, “Lonely woman gives £800,000 to dating app con-man.” Or, as may be more relevant to you, “Payments diverted to confidence trickster’s bank account.” Abuse of trust…
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UK Finance has published its Q1 2019 figures for mortgage lending in Scotland, Wales, Northern Ireland, and London, which highlight steady growth across the regions. In Northern Ireland both the first-time buyer and remortgaging markets saw major improvements, in line with previous quarters. There were 2,440 new first-time buyer mortgages completed in Northern Ireland in…
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British Steel has been placed in compulsory liquidation, putting 5,000 jobs at risk and with the knock-on effect endangering 20,000 in the supply chain. The Government’s Official Receiver has taken control of the company as part of the liquidation process. In a statement, the Official Receiver said that the immediate priority its appointment as liquidator…
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Visa’s UK Consumer Spending Index, compiled by IHS Markit, pointed to a further marginal decline in overall household spending at the start of the second quarter. Expenditure fell -0.5% on an annual basis during April, which was slightly quicker than the -0.2% reduction seen in March. Consumer spending has now fallen in each of the…
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Banks cannot delay tackling transfer fraud a single day longer, according to new research by Which? The research shows that a staggering £674 a minute is lost to this devastating crime. The consumer champion is calling for all banks to urgently reassure their customers that they will be better protected against fraudsters by signing up…
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Celebrity chef Jamie Oliver’s British restaurant chain filed for bankruptcy protection on Tuesday, mainly due to increased competition and escalating rents in local commercial districts according to reports. The insolvency will leave 1,000 people out of work. Oliver wrote on Twitter “I’m devastated that our much-loved UK restaurants have gone into administration, I am deeply…
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Discussions on energy collections are debated discussions in the latest episode of the podcast series, by software specialist Flexys. In the second episode, the software specialist is joined by Ovo Energy, Dwr Cymru Welsh Water and Bristol Energy for a discussion about how energy and water suppliers can improve the sector’s reputation for managing customers…
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