Credit, Collections & Insolvency News
Millennials are still bearing the ‘economic scars’ of the 2008 financial crisis and are struggling to catch up with the living standards of older groups while their new research shows from the Resolution Foundation has found. The research compares the fortunes of millennials – born between 1981 and 2000 – with their predecessors, including Generation…
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New data released by leading audit, tax and consulting firm RSM has helped to allay fears that the UK economy is already in a recession. While the overall economy stagnated in Quarter 3 (Q3), conditions in the middle market, a key engine of UK growth, remained cautiously optimistic at the end of the year, helped…
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Latest Office for National Statistics (ONS) data has shown that the economy failed to grow in Quarter 3 (Q2). While GDP was up 0.2% in September, growth for August was revised down to 0.1% from 0.2%. With GDP flatlining in Q3, it means the UK has avoided a recession in 2023, with this defined as…
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