Credit, Collections & Insolvency News
Here is an overview of The Money Charity’s latest statistics for November 2022 Personal debt in the UK People in the UK owed £1,823.6 billion at the end of September 2022. The average total debt per household, including mortgages, was £65,618 and per adult was £34,480, around 107.2% of average earnings. Net mortgage lending rose by…
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Latest figures from Nationwide show Black Friday purchases were up 10 per cebr compared with last year as Britons made the most of lower prices amid the cost of living crisis. The rate of spending has risen more than a third since pre-pandemic times, data show. Over the course of Black Friday Nationwide Building Society…
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The impact of forced transfer of households onto more expensive Pre-Payment Meters (PPMs) has led the End Fuel Poverty Coalition to call for an immediate ban on their imposition. Energy firms’ licence conditions protect many vulnerable people from formal disconnection over the winter, however evidence from End Fuel Poverty Coalition members shows that customers in debt…
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The Federation of Small Businesses (FSB) has asked the Government to intervene to stop energy suppliers from finding routes to inflate prices, as small firms continue to struggle with soaring energy bills despite the launch of the Energy Bill Relief Scheme (EBRS). In its letter to the Business Secretary Grant Shapps, the UK’s largest business…
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