Credit, Collections & Insolvency News
Record high inflation combined with low wages is hitting Britain’s 4.8m low paid workers harder than anything they have faced before, including the Covid-19 pandemic according to new research by the Living Wage Foundation. Polling of over 2,000 workers earning less than the real Living Wage, by the Living Wage Foundation and Survation, found 78%…
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Businesses are failing to strike the right balance between innovation and user experience, according to new research from Studio Graphene. The digital agency found the majority (58%) feel that businesses are too eager to move to new digital platforms without properly considering whether users will be able to adapt to the new system. Three in five…
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The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research has found that confidence among UK consumers has fallen into negative territory for the first time since June 2020. The index fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages of the pandemic.…
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More than 40,000 UK SMEs are expected to rely on finance-providers to help stay afloat amid challenges around rising costs, according to research from fintech lender Nucleus Commercial Finance (NCF). While 15% of firms with 10 to 249 employees expect to need a loan to support the running of their business, just 1% of sole…
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