New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 6% in June, compared with the same month in 2018. In the first half of 2019, new business was 8% higher than in the same period in 2018. The commercial vehicle finance…

Dun & Bradstreet’s latest UK Industry report has revealed that retailers continued to face a challenging business environment throughout the first half of the year. Between falling year-on-year sales, as reported by both the BRC and ONS, and a growing number of vacant stores, retailers are feeling the brunt of consumer uncertainty, particularly surrounding the…

The Competition and Markets Authority (CMA) has issued the Royal Bank of Scotland (RBS) and Santander with directions requiring them to appoint an independent body to audit their payment protection insurance (PPI) processes. They must also put in place procedures to ensure that similar incidents do not happen again. In addition, RBS has now written…

Energy suppliers continue to improve in providing accurate billing for millions of customers, according to Energy UK’s Billing Code audit results. Established in 2006 by Energy UK, the voluntary Billing Code initiative provides energy customers with greater confidence in the accuracy of their domestic energy bills. The six largest energy suppliers are measured against four…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in June by 4%, compared with the same month last year. The retail store and online credit sector reported new business up by 3% in June compared with the same month in 2018, while credit card and personal…

Universal Credit is causing tenants to get behind with their rent according to new research for the Residential Landlords Association (RLA). It reports that 54 per cent of those private landlords who have let to tenants on Universal Credit in the past 12 months have seen them fall into rent arrears. Of these, 82 per…