9th January 2023 - Credit Connect

Rising fuel and energy prices putting over half of small businesses at risk of collapse

9th January 2023 Business Utilities | #business risk

A survey of over 1,000 UK small businesses has revealed that rising fuel and energy costs is now believed to be one of the greatest threats to SME survival in 2022. The SME Insights Report, published by small business insurance provider Simply Business, also found that one third (36%) stated tax and national insurance hikes are their greatest concern.…

Ten year bankruptcy restrictions for clothes wholesaler who abused Bounce Back Loan

9th January 2023 Insolvency |

The Insolvency Service has given a ten year bankruptcy restrictions to an Uxbridge clothes wholesaler who abused Bounce Back Loans. Muhammad Arif from Uxbridge, has been made subject to ten years of bankruptcy restrictions for claiming a £50,000 Bounce Back Loan to which he was not entitled. Arif had run a wholesale clothing business in…

Construction industry heading towards tipping point

9th January 2023 Commercial Credit Management | #construction stress

According to the latest PMI data by IHS Markit and CIPS, the headline construction PMI dropped below 50 to 48.8 in December 2022, down from 50.4 in November 2022, continuing the previous downward trend, with activity and new work declining at the fastest rate since May 2020. New orders also fell to 48 in December,…

Households halfway through two-year cost-of-living crisis with incomes set to fall by £2,100

9th January 2023 Arrears and Recoveries | #cost of living

Typical household disposable incomes for working-age families are on track to fall by 3 per cent this financial year, and by 4 per cent next year, with the two-year cost-of-living squeeze set to leave families £2,100 worse off and only the very richest households seeing their incomes rise, according to new research by the Resolution…

One in five middle aged adults believe they will never be a homeowner

9th January 2023 Consumer Lending | #home ownership

Almost one in five (18%) consumers aged 35-54 think buying a home with a mortgage will be unachievable for them with the average adult believing that the age for financial independence now sits at 29 years old according to research by Forbes Advisor. The research found that over a quarter (26%) of 45–54-year-olds required financial…

Allianz Trade, Santander CIB and Two launch B2B BNPL solution

9th January 2023 Alternative Business Lending | #BNPL

Trade credit insurance specialist Allianz Trade, business-to-business (B2B) e-commerce payments platform, Two and Santander Corporate & Investment Banking (CIB), have partnered to provide the first global business-to-business (B2B) Buy Now Pay Later (BNPL) solution for large multinational corporates. This is the first partnership of its kind. The result is a game changer product for global online…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.