Credit, Collections & Insolvency News
A new YouGov survey shows most MPs want tougher measures to crack down on late payments. The survey commissioned by the UK’s largest accountancy bodies – the Association of Accounting Technicians and the Association of Chartered Accountants – recently found that two-thirds of MPs think the Prompt Payment Code should be made compulsory for organisations…
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Octopus Energy has announced it will buy Shell’s household energy business in the UK and Germany. Octopus has signed a deal with Impello, a subsidiary of Shell Petroleum Company to buy Shell Energy, taking on two million new home energy and broadband customers. This deal grows challenger energy supplier Octopus to nearly 6.5 million household…
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New data from the Institute of Directors shows that business confidence in the wider economy remained low in August. However, business views about their own organisations’ prospects recovered some ground in August. Inflation expectations have also improved, but cost pressures, particularly wage costs, remain a major concern. The monthly IoD Directors’ Economic Confidence Index, which…
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Nearly a third of mortgage holders (32%) do not believe they will pay off their mortgage by the time they are 65, according to a survey by retirement specialist LV=. It has also being reported that HSBC has become the latest lender to increase its maximum mortgage term to 40 years, in response to rising…
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Small but significant increases in real terms pay growth may be contributing to improving levels of financial resilience. Recent months have seen pay growth rates continually failing to keep up with inflation, resulting in real terms pay cuts for many workers across the UK. However, there are indications that this trend may finally starting to…
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The Money Advice Trust has announced the appointment of four new Trustees to support the next phase of the charity’s development. Adam Khan, Alexandra Meagher and Zitah McMillan have joined the Board of the Money Advice Trust with immediate affect, with Mark Allison set to join in January. Mark Allison is a policy and strategy…
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