Credit, Collections & Insolvency News
Her Majesty Queen Elizabeth II has peacefully passed away at her estate in Balmoral, Scotland, surrounded by her family. The Queen was the UK’s longest-serving monarch. Credit Connect shares the country’s deep sadness at the loss of Her Majesty. Bank of England governor Andrew Bailey said: “It was with profound sadness that I learned of…
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New Prime Minister Liz Truss has announced plans that will limit energy bill rises for all households for two years. The measures will mean that a typical household energy bill will be capped at £2,500 annually until 2024, saving households £1,000 a year on the energy price cap announced for October. Commenting on the announcement…
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New Prime Minister Liz Truss has announced that businesses will get help with their energy bill with prices capped for six months. Responding to the announcement, National Chair of the Federation of Small Businesses (FSB) Martin McTague said “It’s a huge relief for millions of small businesses to hear confirmation they will be part of…
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UK workers are facing a £2000 hit to their real wages by the end of the year as the UK economy confronts a highly volatile and uncertain inflationary outlook, according to the latest PwC Economic Outlook. Although the UK economy will continue to grow at a rate of between 3.1% and 3.6% in 2022 (compared to…
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Small businesses are fighting for survival from soaring energy costs as they turn to the new Prime Minister and Chancellor for immediate support to brace for the winter, according to latest Federation Small Business (FSB) research. The latest report finds that the overwhelming majority (96%) of small firms flag concerns about rising energy bills. Concern…
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Before further government measures are expected to be announced later today (Thursday 8th September) new data from Comparethemarket has revealed that one in two households (56%) are not confident they will be able to afford energy bills this winter, rising to two-thirds of families (64%) with children at home. Households say, on average, they will…
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After 13 weeks of voting and 39 finalists, the winners of Smart Money People’s Consumer Credit Awards 2022 have been revealed. The winners were unveiled in a digital announcement on the Consumer Credit Awards Twitter and LinkedIn accounts on 8th September 2022. Smart Money People says 2022 was another record year for voting in the…
Read moreThe finalists for the sixth annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect Media will host the Awards ceremony as a face-to-face event at the Midland Hotel, Manchester on Thursday 17th November. This year’s awards will…
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