Credit, Collections & Insolvency News
Universal Credit is ‘failing millions of people’ especially the vulnerable, according to a new report from the Lords’ Economic Affairs Committee which said it agreed with the government’s aim for the scheme to bring together multiple benefits into one payment. The Committee proposals for reform’, which calls on the Government to make substantial changes to…
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Water regulator Ofwat has announced the appointment of Bethan Evans as its first Head of Wales, establishing a permanent presence in Wales for the first time. Evans will play an important role in ensuring that Ofwat is participating in Welsh policy discussions and will focus on making the best use of the expertise of Welsh…
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The European Commission has approved, under EU state aid rules, a UK guarantee scheme to support the trade credit insurance market in the context of the COVID-19 pandemic outbreak. Trade credit insurance protects companies supplying goods and services against the risk of non-payment by their clients. Given the economic impact of the pandemic, the risk…
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The Insolvency Service has published its latest figures which indicates that in Quarter 2 (Q2) 2020 personal insolvency numbers increased by 12% (32,153) up from 28,747 in Q1 and by 7% from Q2 2019 (30,076). This is the first quarter that has been properly affected by the lock-down and despite the rise in overall numbers,…
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