Business confidence in May hit its highest point since June 2014, driven by the rollout of the vaccine programme and further easing of lockdown restrictions according to BDO’s latest Optimism Index, which quizzes businesses to calculate optimism, The Index jumped from 99.85 in April to 109.71 the following month, above the long-term average of 100.…

The Chief Executive Officer (CEO) of Klarna has claimed its buy-now-pay-later model is cheaper for consumers than credit cards and stops them getting into deep debt stating that consumers are better off because it doesn’t charge interest or late payment fees. The global banking, payments and shopping service, has launched its new Shopping app, empowering…

Low-paid workers are expected to face the highest risk of losing their jobs when the government’s furlough scheme ends in September, according to analysis by the Resolution Foundation. While the government’s coronavirus job retention scheme is widely believed to have prevented millions of job losses, economists are concerned that some jobs will still not be…

Nearly 1,200 businesses have closed every day in the past six months according to new research by DSA Connect. The company’s analysis of Government data shows 214,930 companies shut down in the six months to 31st March. The last three months of 2020 saw 103,785 firms go out of business and the number closing rose…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 147% in April 2021 compared with the same month in 2020.  In the first four months of 2021, new business was 1% higher than in the same period in 2020. The retail store and online credit sector…

New figures released by the Finance & Leasing Association (FLA) have shown that the consumer car finance market reported growth in new business volumes of 1276% in April 2021 compared with the same month in 2020.  In the first four months of 2021, new business volumes were 13% higher than in the same period in…

Consumer credit technology and outsourced services provider, EQ Credit Services (EQCS) is announcing a new seven-year contract to provide a digital loan platform and collections services to 247 Money. The deal follows a successful three-year partnership where EQCS provided its API-led credit servicing platform and collections services to 247 Money. EQCS’s technology means 247 Money…

KM2 Ethical Finance has announced the appointment of Amir Ali as an Independent Board Advisor. The company says Ali will act as an independent advisor to the team recognising the invaluable contribution a fully independent board advisor can bring as it grows, seeks regulatory authorisation and develops client relationships with major international finance houses. Ali’s…

Qualco UK has added ISO 9001 to its catalogue of British Assessment Bureau (“BAB”) certifications. ISO 9001 is the international standard for a quality management system. The internationally recognised standard is awarded to organisations that have an effective management system, a project approach, and that it is assured in its quality. The standard demands measurable objectives,…