Credit, Collections & Insolvency News
A Financial Services and Markets Bill aimed at cutting red tape was among the flagship measures announced in the Queen’s Speech. The new bill revokes retained EU law on financial services and updates the objectives of the Financial Conduct Authority and the Prudential Regulation Authority to bring about a greater focus on growth and international…
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New research by Bibby Financial Services has found that 2.1million SMEs are ‘just about breaking even’ and face myriad of challenges that threaten to impact the UK’s economic recovery. The report says that SMEs are ambitious for the opportunity to regain lost ground post-pandemic, but risk being held back by a myriad of mounting pressures…
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New figures from the Registry Trust have revealed a significant rise in business County Court Judgments (CCJs)in UK & Ireland, for Quarter 1 (Q1). The figures revealed that there were 230,239 new monetary judgements processed overall in Q1 2022, which is a 10% decrease compared to the Q1 2021 total of 256,404. However, there was…
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The Payment Systems Regulator (PSR) has welcomed the PSR Panel’s newly published Digital Payments Initiative report. The report, commissioned by the PSR, highlights the challenges to the take-up of digital payments and what the potential solutions and regulatory actions could look like. The Initiative concluded there are four high-level areas of focus to address to…
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The average UK household will be short of a £100 a month by 2024, as the cost of living crisis means expenses will outpace incomes. The figures come from a Yorkshire Building Society’s Inflation Nation report and reveal that weekly household spending is set to rise to £705 in just two years’ time. However, the…
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Responding to this year’s Queen’s Speech the Federation of Small Businesses (FSB) has urged the need for late payment reform. Federation of Small Businesses (FSB) National Chair Martin McTague said “A worsening late payment crisis is currently threatening the futures of more than 400,000 small firms. The Audit Reform Bill creates space to take forward…
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The Government has announced it will launch a new Renters Reform Bill with the aim of delivering the biggest change of improving the lives of millions of renters by driving up standards in the private and socially rented sector, delivering on the government’s mission to level up the country. The change will impact 4.4 million…
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Bristow & Sutor has announced that it has hired two leading industry experts as Client Development Managers, representing the latest step in the company’s ongoing commitment to growth and innovation. Michelle Giles and Peter Haywood, who share extensive respective careers in local authorities and across revenues and benefits, will now contribute to an exciting new…
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European investor and alternative asset manager in credit and real estate, Arrow Global has announced the appointment of Seamus Corbett as Director of Asset Management to its Dublin-headquartered Mars Capital Finance. Corbett has over 20 years of experience in Banking and Servicing in Ireland, joining Mars from BCM Global where he held a similar senior…
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