Credit, Collections & Insolvency News
Falling petrol prices have pushed the inflation rate back to 9.9% in August latest Office for National Statistics (ONS) have shown. The consumer prices index has dipped from 10.1% in July to 9.9% last month, with cheaper motoring costs offsetting the impact of expensive food prices, although prices are still continuing to rise at nearly…
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New UKHospitality, has highlighted the sector’s struggle to survive, with one in five businesses saying they will not survive the current crisis and t in five operators admitting they are no longer profitable. The figures emerged from a recent survey of operators in the sector, which showed that, on top of energy price rises, the…
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Latest Bank of England figures have shown that the total value of all outstanding residential mortgage loans was at £1,648 billion at the end of 2022 Q2, 3.8% higher than a year earlier when the outstanding value came to £1.590 billion. The value of gross mortgage advances in 2022 Q2 was £77.9 billion, which was…
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Azzurro Law, a specialist commercial debt collection and legal recoveries firm, has announced that it has appointed Brendan Clarkson FCICM as its new Client Services Director to support the business as it further expands its range of scalable legal services to third-party corporations. Having started his career with Bank of Scotland, Clarkson joins with more…
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United Trust Bank (UTB) has appointed Sundeep Patel to the key role of Director of Bridging. Patel is a highly experienced and well-known figure who has worked in the financial services industry for over 20 years. Most recently he was Director of Sales and member of the Commercial Executive Committee at specialist lender Together and…
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