Credit, Collections & Insolvency News
Britain’s manufacturers are calling on the Government to bring forward a package of policy measures on the scale of those seen during the worst points of the pandemic to prevent a permanent scarring of the economy and help avert a severe recession, potentially substantial insolvencies and job losses. The call comes on the back of…
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The Money and Pensions Service (MaPS) has announced a call for evidence on debt advice clients with deficit budgets. MaPS says that the purpose of this call for evidence is to understand what help can, or could, be offered where a client presents with a deficit budget, as well as what MaPS can do to enable…
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New Government figures have shown that around 90% of eligible households have received the government’s £150 council tax rebate to help with the cost of living. Figures published today show 16.6 million households in England, 86% of those eligible, were handed payments by the end of July – meaning the actual number of those who have…
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Water regulator Ofwat has proposed to replace the current regional retail price caps for small, disengaged business customers with a single national cap across the whole of England. The water regulator has opened a six-week consultation on proposed changes to the retail price caps that apply to smaller business customers (consuming less than 0.5Ml per…
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The Institute of Directors (IoD) is calling on the Government urgently to adjust its tax policies to take account of the extraordinary energy cost pressures businesses currently face. The IoD says this should include using tax incentives to support the business transition to a low carbon economy, with less dependency on expensive fossil fuels. Specifically,…
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The British Chambers of Commerce (BCC) says that it expects the UK economy to plunge into recession before the end of 2022, with inflation spiking to 14% and lingering weakness in growth expected to continue into 2024. In the short term, the BCC is now forecasting a recession for the UK economy with three consecutive…
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Seven in ten (70%) young drivers between the ages of 17-24 say they have relied on financial support from their parents towards their motoring costs in the past 12 months – receiving an average of £781 – according to new research from Comparethemarket. The research highlights just how dependent young drivers are on their parents…
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