Family incomes still shrinking

16th January 2023 Arrears and Recoveries |

Surprise economic growth in November means that the UK is unlikely to have fallen into recession last year. But this will be of cold comfort for many families who are still in the midst of a deep living standards downturn according to the Resolution Foundation. With latest ONS GDP data showing a surprising growth of…

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More than one in twenty are behind on their energy bills

16th January 2023 Arrears and Recoveries | #energy bill

More than one in twenty are behind on their energy bills, which grows to around one in ten of those aged 16-49 and women according to latest Office for National Statistics (ONS) data. The figures also showed that  46% of people find it very or somewhat difficult to pay their energy bills – rising to…

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Economy grows by 0.1% in November – business industry reaction

16th January 2023 Commercial Credit Management | #economy

The UK economy unexpectedly grew in November, with Office for National Statistics (ONS) data showing growth of 0.1%. While the figure shows a slowdown in growth after a 0.5% increase in October, analysts had predicted that the economy would shrink by 0.3% in November. The expansion was driven by the services industry, which saw a…

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