Credit, Collections & Insolvency News
Although there has been a great deal of negative reporting about the food & drink sector this year, there seems to be general acceptance that the worst is yet to come in terms of insolvencies and job losses, with a second UK lockdown having started in November. Food-to-go manufacturers at all levels, including large players…
Read more
Accord Mortgages has appointed Jeremy Duncombe as its new Managing Director from 1st January 2021. In his new position will also see Duncombe lead mortgage distribution at Yorkshire Building Society. As well as fulfilling the role of Accord director intermediary distribution currently, Duncombe is the deputy chair of the Intermediary Mortgage Lenders Association. This comes…
Read more
New research from over 50s experts SunLife has shows that many parents across the UK are concerned their own parents and in-laws will spend more than they can afford on the grandchildren this Christmas. The company research reveals that generous grans and granddads are planning to shell out a staggering £104 on each grandchild this Christmas, which,…
Read more
Energy regulator, Ofgem is consulting on proposals to amend the default tariff price cap’s ‘Adjustment Allowance’ from 1st April 2021 to account for the impact of COVID-19 on the efficient costs of supplying domestic default tariff customers. The consultation is open until 21st December 2020. Ofgem will publish a final decision early in February 2021…
Read more
A new report by Lowell has revealed that 32% of consumers say that the pandemic has made them talk about their finances, whilst 31% of the UK worry about their finances every day. Whilst for those who have opened up to others regarding their own debt, 42% said it made them feel that they had…
Read more
Around one in seven UK companies say they were at risk of collapse, according to a new report from the Office for National Statistics (ONS). The study saw 14% of UK companies say they have “low or no confidence” that they will survive the next three months. While 40% had moderate confidence that their business…
Read more