Credit, Collections & Insolvency News
The Bank of England has raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25%. The increase to 5.25%, the fourteenth rate rise in a row, taking the base rate to the highest it’s been since April 2008. The Bank of England has increased interest rates 0.25…
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The Bank of England has raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25%. The increase to 5.25%, the fourteenth rate rise in a row, taking the base rate to the highest it’s been since April 2008. The MPC voted 6 to 3 in favour of…
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New research from Mind has found that almost a third (29 per cent) of people (almost 14 million) in England and Wales have been affected by hearing about or experiencing increasing mortgage costs over the last year. One in ten (10 per cent) said that it had affected their mental health a lot. The figures come…
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Firms often adopt a steely focus on their regulator’s definition of vulnerability. And asking ‘what is vulnerability?’ makes sense – regulator alignment is good. However, while our regulators provide documents, diagrams, and sometimes even maps to define ‘what is vulnerability?’, one question is often left hanging: Just what are our vulnerable customers actually vulnerable to?…
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Thousands of companies are running out of time as the burden of rising interest rates, unmanageable debt, subdued consumer confidence, higher material and labour costs, and wider economic uncertainty combine to put considerable pressure on businesses across the country, according to the latest Begbies Traynor Red Flag Alert. The latest data is sourced from a…
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