Retailers suffered their worst annual sales performance on record in 2020 according to new British Retail Consortium (BRC) figures. The figures for 2020 overall indicated that total sales declined 0.3% compared with 2019. Food growth was 5.4% and the Non-Food decline was 5.0% for the year. In-Store sales of Non-Food items declined by 24%, compared…

More than seven in ten consumers say that life through two national lockdowns has fundamentally changed the way they manage money but, for once, the changes have been positive. Nationally, 62% of people say they are in better control of their money than they were before COVID struck, according to new research from ThoughtWorks, a…

Research by TotallyMoney has shown that consumers paying interest on their credit card debt are wasting hundreds of pounds by not switching to a better deal. The research found that by transferring the average credit card balance of £2,177 to the average balance transfer duration of 21 months, customers could save a huge £676. Customers…

The Aryza Group has announced the acquisition of Anchor Computer Systems in a move that the company says will strengthen Aryza’s position within the financial services and insolvency market. Software solutions specialist, Aryza incorporates technology such as Open Banking and AI-informed decision making automate the financial restructuring and recovery journey. Aryza says that through its…

The extra costs of food, energy and remote learning piled financial pressure on low-income families during lockdown according to new research by the Resolution Foundation. The research has revealed that the extra cost of food, energy, and entertaining, distracting and home-schooling children has meant that low-income families with children are twice as likely to have…

Two-thirds of consumers still don’t trust online banking, despite branch closures forcing many to go digital according to new research by SmartSearch. The research has found that since January 2015, banks and building societies have closed 3,770 branches in the UK leading to a seismic shift towards online banking. Yet, two thirds (66%) of the population do not trust…