Credit, Collections & Insolvency News
Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland were static in Juy 2022. In July 2022 there were 70 business insolvencies registered in Scotland, similar to the number in July 2021 but 28% lower than in July 2019. The insolvencies comprised of 15 compulsory liquidations…
Read more
Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies increased. The figures showed that in July 2022 showed that there were 160 individual insolvencies in Northern Ireland, 13% higher than in July 2021, but 19% lower than July 2019. The personal insolvencies consisted of 142 IVAs, 12 DROs and six bankruptcies. Business insolvency…
Read more
Real average weekly earnings fell by 3 per cent in the three months to June, the biggest fall since 1977 according to the Resolution Foundation in response to the latest ONS labour market statistics. The latest data is dominated by near double-digit inflation, which according to the Foundation’s analysis of longer-term ONS and Bank of…
Read more
Millions of students face a rise in living costs far in excess of the slight increase in support from maintenance loans when the new academic year begins according to new research by interactive Investor. This follows a 9% annual increase in the prices of popular student basics over the year to June 2022. For students…
Read more
New data from the Office for National Statistics (ONS) shows that the Consumer Price Index (CPI) rose to 10.1% in the twelve months to July, up from 9.4% in June. With the October energy price cap rise fast approaching and real wages failing to keep pace with inflation. With the real value of wages falling…
Read more
Peer to peer lending and investing platform financial crime management specialist Assetz Capital announced a partnership with LexisNexis Risk Solutions to adopt the LexisNexis® RiskNarrativeTM platform across its business. The platform leverages automation, AI and machine learning to provide a market-leading, sophisticated, configurable and accessible financial crime lifecycle management solution. This will allow Assetz Capital…
Read more
New research on inequalities, carried out for the IFS Deaton Review of Inequalities and funded by the Nuffield Foundation, finds that disadvantaged pupils start school behind their better-off peers, and the education system is not succeeding in closing these gaps. Educational inequalities result in substantial differences in life chances, leaving millions disadvantaged throughout their lifetime.…
Read more