Credit, Collections & Insolvency News
The number of first-time buyers fell 22% between January and August this year, compared to the same period in 2022, according to the latest Halifax First-Time Buyer Review. First-time buyers still accounted for over half (53%) of all home loans agreed in the first eight months of this year, a similar proportion as during the…
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Companies are tightening their belts as cost pressures increase but business retains optimism for the near future according to new research from Grant Thornton UK LLP’s Business Outlook Tracker. Rising interest rates and high costs have forced many businesses to cut spending, freeze pay increases and restructure operations as they grapple with cost pressures, new…
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Women have significantly less confidence than men in the government and its ability to support their long-term financial goals, new research by My Pension Expert has revealed. Just 22% of women think the government has done a good job of supporting pension planners during the cost-of-living crisis. The figure rises to 28% among men. Only 20% of…
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An estimated seven million households are struggling to keep up with their rent or mortgage payments, with millions more at risk of tipping into financial difficulty by the end of 2024 as they remortgage at higher rates according to analysis by Which?. A survey of 4,000 people found nearly half of households (46%) with mortgages…
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Introducing social tariffs has the potential to reduce the energy bills of the country’s most vulnerable by over £330 a year, at a relatively low cost to the government according to analysis from Cornwall Insight. The research says that the introduction of the October Default Tariff Cap (price cap), offering discounted deals to low-income households,…
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