Credit, Collections & Insolvency News
A study by the New Economics Foundation think-tank suggests that 30 million people in the UK will be unable to afford a decent standard of living by the time the current parliament ends in 2024. The report warns that rising prices, below-inflation increases in earnings and projected increases in unemployment would result in 43% of…
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PayPlan has become the first national debt advice provider to achieve partner recognition status for its work in raising awareness about loan sharks and helping clients access essential support services. A report published by the Centre for Social Justice earlier this year estimated that more than a million people could be in debt to a loan…
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The economy grew by 0.5 per cent in October after contracting the previous month when an extra Bank Holiday for the Queen’s funeral suppressed growth, according to data from the Office for National Statistics. However, in the three months to October, output contracted 0.3 per cent compared with the previous three months, the largest fall…
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New research conducted by Allica Bank with 150 UK SMEs shows the demand for borrowing has majorly increased due to the recession with nine in ten SMEs are looking to borrow in the next 12 months. With 2023 being a year that looks set to be dogged by recession, inflation and rising interest rates. More…
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Paylink Solutions has raised over £1,350 for tech charity Computer Aid and mental health charity Mind with its latest Christmas-themed fundraiser. Mind offers advice and support to empower anyone experiencing a mental health problem. Computer Aid provides access and education to technology to create better learning environments across more than 100 countries. Paylink Solutions’ Christmas…
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Business process outsourcing provider Sigma Connected has donated £5,000 worth of supermarket vouchers to 50 financially vulnerable people to help them cope with the expensive Christmas period. Sigma, which offers ‘white label’ customer contact centre services across the energy, water, retail, financial services and telecommunications sectors, has given £100 vouchers to 50 people identified through…
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