25th September 2023 - Credit Connect

British Business Bank records £135m loss

25th September 2023 Business Lending | #business

The British Business Bank (BBB), the Government’s economic development agency, reported a loss of £135 million in the year to March. The bank, which supports investments in SMEs, was affected by a drop in valuations across its portfolio. Despite this, the bank’s performance remained ahead of expectations. Louis Taylor, CEO, British Business Bank, said: “The British Business…

Self-employed feel trapped as incomes stagnate

25th September 2023 Commercial Credit Management | #self employed

Around two-in-five self-employed workers would switch to a salaried job if they could secure the same income, and around one-in-eight would accept a 20% pay cut to switch, according to new analysis by the Centre for Economic Performance (CEP) at the London School of Economics and Political Science (LSE). The report found stagnant incomes and…

Consumer confidence increases to highest level since January 2022

25th September 2023 Consumer Lending | #economy

Consumer confidence in the UK rose to -21 in September, the best recorded since January 2022, according GfK’s latest Consumer Confidence Index. The index measuring changes in personal finances during the last year is up two points at -13; this is 15 points better than September 2022. The forecast for personal finances over the next…

Fleet Operations appoints new Commercial Director

25th September 2023 Appointments |

UK independent fleet management and mobility services specialist, Fleet Operations has announced that it has appointed Doug Hyett to the newly created role of Commercial Director. Drawing upon more than 20 years of fleet experience Hyett’s new role will look at the commercial development side of the business, attempting to grow its UK customer base,…

Clarke Willmott appoints Financial Litigation Partner

25th September 2023 Appointments |

Clarke Willmott has announced that it has appointed Darren Kidd as Partner in it’s financial litigation team. Specialising in high value and complex disputes, Kidd has experience across a broad range of domestic and international matters including in the areas of banking/financial services, fraud, insolvency, professional negligence and tax. Kidd has acted for a variety…

Two in five uncomfortable speaking to mortgage lender or landlord about budget pressures

25th September 2023 Arrears and Recoveries | #debt advice #mortgage lending

Housing costs are a source of concern to many, yet around two in five people would potentially feel reluctant to discuss their budget pressures with their landlord or mortgage lender, according to new research in a new poll of adults, conducted by YouGov on behalf of StepChange Debt Charity. The research found that two fifths…

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