11th March 2020 - Credit Connect

SPRING BUDGET 2020: Business and Insolvency reaction

11th March 2020 Commercial Credit Management |

The Budget has confirmed plans to grant HMRC ‘preferential status’ in insolvencies from December 2020, says insolvency and restructuring says trade body R3. Business groups, including R3, have described this policy as a threat to business lending and business rescue. From December, debts owed to HMRC by insolvent businesses will be repaid in advance of…

SPRING BUDGET 2020: Consumer credit reaction

11th March 2020 Consumer Collections |

The Spring Budget, and the Bank of England interest rate cut and liquidity support, will provide some direct and indirect support during the uncertain period ahead according to StepChange. The debt charity says that it is almost inevitable that demand for debt advice is set to increase – and that the structural problems exposed by…

SMEs missing out on property finance

11th March 2020 Commercial Credit Management |

Hundreds of thousands of British SMEs have been turned down for property finance in the past five years, a new study by Together has revealed. Nearly a quarter of small and medium-sized companies said they had struggled to find the funds to move or expand – with inflexible lenders and a shortage of suitable property…

Bank of England cuts interest rate as Covid-19 economic shocks take hold

11th March 2020 Consumer Collections |

The Bank of England has announced a number of measures to respond to the economic shock from Covid-19. In a statement, the Bank of England’s said that its role is to help UK businesses and households manage through an economic shock that could prove sharp and large, but should be temporary. The Bank’s three policy…

SPRING BUDGET 2020: Small firms call on Chancellor for coronavirus support

11th March 2020 Commercial Credit Management |

The Federation of Small Businesses (FSB) has urged the Chancellor to unleash small business confidence at today’s Budget by making good on manifesto pledges and introducing a raft of measures to support those suffering from coronavirus-linked disruption. The FSB would like to see an immediately deliver manifesto commitments to increase the Employment Allowance, reduce business…

Mann Island Finance appoints new Head of Sales

11th March 2020 Consumer Collections |

Finance lender, Mann Island Finance, has announced a key appointment with Andy Muir taking over as the business’s Head of Sales from Paul Power who will be retiring at the end of March. Muir has been promoted from his previous role as a regional manager. With a brief to drive Mann Island’s lending activity through…

Equiniti Riskfactor and Codat announce SME lending partnership

11th March 2020 Commercial Credit Management |

Equiniti Riskfactor and Codat have announced an SME lending partnership The partnership will see Equiniti Riskfactor and Codat allow SME customers to automatically share data with their lender, speeding up decision making. Equiniti Riskfactor will connect with Codat’s single API to digitise data collection for its clients, enabling small businesses to share data automatically, reducing…

Banking industry funded fraud squad disrupted £31.2m cyber crimes

11th March 2020 Consumer Collections |

The Dedicated Card and Payment Crime Unit (DCPCU) targets the organised criminal gangs responsible for fraud. It is made up of officers from the City of London Police and the Metropolitan Police Service as well as banking industry fraud investigators and support staff from UK Finance. Over the past year, the unit has worked in…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.

Login