Credit, Collections & Insolvency News
Alternative lender, ThinCats is forecasting a rise in business insolvencies during 2023 as the effects of pandemic support programmes dwindle and more recent economic challenges take precedence. ThinCats expects current high demand for funding to continue in support of businesses seeking to grow organically or through acquisition. The data found that insolvency rates among mid-sized…
Read more
UKHospitality says pub and restaurant businesses are expected to lose as much as £530 million due to transport strikes. The analysis shows that hospitality could lose as much as £530 million as a result of rail and tube strikes on across March and 1st April, this includes knock-on disruption on the 17th and 31st March. The analysis…
Read more
Proposals have been unveiled to breathe new life into the water retail market after an in-depth review concluded it is still not delivering benefits for most business customers in England. The Consumer Council for Water (CCW) has published a series of recommendations aimed at tackling the problems which continue to hamper the water market for…
Read more
The Budget has succeeded in boosting employment but has left household incomes stagnant according to the Resolution Foundation. The Chancellor announced an impressively broad suite of policies to encourage more people into work, but Britain’s economy remains stuck in a deep funk – with people supported into work but getting poorer, and paying more tax…
Read more
New data from the Student Loans Company (SLC) has found that 52,000 students overpaid by £20.35 million with overpayments, surging by a fifth. In 2021/22, the total overpaid in student loans was up 19% to £20,354,089 with the number of graduates overpaying their student loans surging 15% to 52,187. The average overpayment rose to £390.…
Read more