Credit, Collections & Insolvency News
Citizens Advice is warning that debt is the looming problem of the pandemic. As the one-year marker since lockdown began approaches, the charity has charted a worrying increase in the need for advice, food bank referrals and charitable grants. The charity’s 12 months of pandemic data maps the waves of demand for different types of…
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A new report by the Resolution Foundation has found that half of the workers had a real-terms pay cut in the year to autumn 2020. The Foundation’s report examines what has really happened to pay packets during the pandemic last year, with the official Average Weekly Earnings (AWE) series having been hugely disrupted by widespread…
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Families with children have been hit hardest financially by the Covid-19 pandemic according to research by Standard Life Foundation. The analysis published finds that over a quarter of UK families (27%) are currently living on a reduced income as a direct result of a pandemic-related loss of earnings, compared with 17% of households without children.…
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Manheim Auction Services has appointed Liam Quegan as its new Managing Director Quegan will head up the company’s national online and physical auctions business. Quegan, who joined Cox Automotive UK as Managing Director of NextGear Capital (UK & Ireland) in 2017, will retain his current leadership at NextGear and take on full financial and operational…
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Around 26% of SMEs have said poor cashflow is their biggest financial concern of the pandemic, according to a Business Challenges report, carried out by card payments company Takepayments. The report found that these businesses are constantly chasing late payments during the pandemic with businesses in the insurance and pensions sector (46%) and charity and…
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