Credit, Collections & Insolvency News
The Social Market Foundation (SMF), a cross-party think-tank, says restricting energy bill support to just those in the benefits and pension systems could exclude over ten million people in fuel poverty. The SMF calculated that 4.5 million households who face spending more than 10% of their income (after housing costs) on energy bills will miss…
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A poll by software company FreeAgent has found that a quarter of SMEs believe the economy has been damaged irreversibly by Brexit and the pandemic. The poll also showed that 64% of businesses are worried their businesses may not survive the next 12 months. The study found that while a fifth of SMEs believe there…
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Over 27 million households across UK received money off their energy bills last month as the Energy Bills Support Scheme (EBSS) provided £1.8 billion in payments. New figures released today show the EBSS successfully provided a £66 discount for 97% of eligible households in England, Scotland and Wales in its first month. This is the…
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One in two (54%) UK adults are relying on their credit card more than their debit card because of the rising cost of living, according to new research by Comparethemarket. Over a quarter (27%) are also borrowing money from family and friends. The most popular credit card spending category, with more than one in three…
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