30th August 2022 - Credit Connect

Two fifths of over 55s are struggling financially

30th August 2022 Arrears and Recoveries | #debt

More than two-fifths of 55 to 64-year-olds are ‘struggling financially’ or are ‘up to their neck in debt’ against an average of 35% of people surveyed in the 55+ age group according to research by insurer Aviva. The research also found that while more than a third of all over-55s said they are having difficulties with…

Store closures at lowest rate in seven years but openings continue to lag

30th August 2022 Commercial Credit Management |

Store closures by multiple retail operators have stabilised to the lowest rate in over seven years but openings have yet to recover to pre-pandemic highs, suggesting retailers are exercising strict caution in the current trading environment according to PwC’s latest Store Openings and Closures report for H1 2022. Closures have seen an accelerating trend since…

Cost to buy first home rises by £12,250 compared to last year

30th August 2022 Consumer Lending | #house deposit

The average first time buyer will need an additional £12,250 of income to buy a home compared to a year ago and an additional £35,000 in London as a result of predicted higher mortgage rates according to new analysis by Zoopla. The latest House Price Index from Zoopla reveals that whilst demand this year has…

IE Hub and Cumberland Building Society agree partnership

30th August 2022 Company News |

IE Hub has announced it has partnered with The Cumberland Building Society. The partnership will enable the Society to send a link to the IE Hub online platform to support customers who are struggling financially. Once on the platform, customers will be able to share their income and expenditure information easily, without the need for…

Consumer spending patterns highlighted in upheaval

30th August 2022 Industry opinion |

Soaring inflation, driven by the increasing costs of many of the most essential, day-to-day expenditure items for UK households, is causing significant shifts for consumer spending patterns, according to the August 2022 Money Statistics, produced by The Money Charity. The cost of living crisis continues, with many more UK adults reporting that their everyday costs…

Business insolvencies in Film and TV production sector increase 69%

30th August 2022 Business |

UK film and TV production company insolvencies have jumped 69% in the past year, from 67 to 113 according to new research from Mazars. The research found that many of those insolvencies were of financially weaker production companies that missed out on last year’s UK film & TV industry boom as they couldn’t recruit staff.…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.