Credit, Collections & Insolvency News
Latest National Statistics (ONS) figures show that annualised inflation was flat year-on-year at 6.7%, the same as in August, with a fall in the price of food and drink offset by rises in transport, restaurant and hotel costs Annualised inflation was forecast to come in at 6.6%. Commenting on the figures, David Cheadle, Acting Chief…
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UK inflation remained at 6.7% in September, figures from the Office for National Statistics (ONS) show, ending a run of three consecutive monthly falls. Economists had forecast a fall to 6.6% over the year to September. Grant Fitzner, Chief Economist at the ONS, said: “We continue to see food and non-alcoholic beverages prices fall. We’ve…
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Average UK house prices edged 0.2% higher to £291,000 in the year to August, but private rents jumped 5.7% in the 12 months to September, according to latest data from the Office for National Statistics (ONS). London saw the biggest change in private rents over the last year, up 6.2%, the highest since records began in 2006. Private rents lifted…
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Energy suppliers must prioritise enquiries from vulnerable customers who need help under new rules announced by Ofgem. The requirements, which take effect from December, will require suppliers to contact customers if they miss two monthly or one quarterly payment, check to see if they are struggling with bills and, if so, offer support such as…
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The EY ITEM Club forecast presents a mixed picture for consumer spending, which is expected to benefit from several supports. Although pay growth is expected to ease, inflation should decline more quickly. Falling energy bills, easing food price inflation and weaker pipeline price pressures mean inflation is predicted to average 7.4% this year (down from…
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