9th January 2024 - Credit Connect

Business optimism rises

9th January 2024 Commercial Credit Management | #business optimisim

CFOs of the UK’s largest firms are optimistic about prospects for their own businesses as they enter 2024, according to Deloitte’s latest CFO survey. Sentiment among finance leaders has risen for the second consecutive quarter – to well above average levels – with a net 11% of CFOs more optimistic about the financial prospects of their…

Optimum Finance appoints Risk and Recoveries Manager

9th January 2024 Appointments |

Bristol-based invoice finance provider Optimum Finance has announced it has appointed Steve Chapman to manage and lead its risk and recoveries activity. Chapman joins Optimum with more than 40 years’ experience within Invoice Finance and the financial services, much of which was spent with the Lloyds Banking Group. More recently he worked for Hitachi Capital.…

Cost of living crisis delaying divorces

9th January 2024 Consumer Collections | #divorces

Data released by leading legal provider, Co-op Legal Services has revealed that due to financial reasons, many are now considering waiting until later in the year to start divorce proceedings, with nearly a quarter of people (21%) admitting to delaying divorce proceedings due to the impact it would have on their finances. However, nearly two-thirds…

Families suffering ‘worst decline’ in living standards

9th January 2024 Consumer Collections | #living standards

The UK is suffering the worst decline in living standards of any G7 country – according to new TUC analysis. The analysis shows the UK is only G7 economy where real household disposable income per head hasn’t recovered to its pre-pandemic levels. Real household disposable incomes in the UK were 1.2% lower in the second…

Over half positive about finances for 2024

9th January 2024 Consumer Lending |

New polling research by Aegon shows the majority of people in the UK are feeling positive about their finances for the year ahead. The research finds over half of UK adults (52%) say they are feeling positive overall about their finances in 2024, while just under two in five (38%) are feeling negative. Females (47%),…

Retailers see weak sales growth in December

9th January 2024 Commercial Credit Management | #retail sales

Retailers saw sluggish sales growth as 2023 came to an end, with a retail monitor from the British Retail Consortium showing that total UK retail sales were up by just 1.7% in December against growth of 6.9% a year earlier. December’s figures also marked a slowdown from November’s sales growth of 2.7%. Retail sales over…

Over a fifth of consumers haven’t visited a bank branch in the past year

9th January 2024 Consumer Lending |

New research by KPMG has shown that 21% (over a fifth) of consumers haven’t visited a bank branch in the last year, up from 14% in the previous year, The research showed that the Covid-19 pandemic has accelerated the transition to online banking with individuals visiting their local bank branches less often and less frequently.…

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