Credit, Collections & Insolvency News
The EY Item Club predicts that UK interest rates will start to be cut in May, as inflation is expected to fall to the Bank of England’s 2% target by that time. It is predicted that the UK’s prolonged period of economic stagnation should begin to fade this year as falling inflation, potential interest rate…
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Nearly half of small business owners (47%) feel they could have got their enterprise up and running more quickly – if they had asked for more help when they were first starting out, according to research commissioned by Santander UK. The survey of 500 adults, who run their own business, found that almost eight in…
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Nearly a quarter (23%) of adults wouldn’t seek financial advice, even if it was free according to new research by Canada Life. The research also found that nearly half (45%) of UK adults have never seen a financial adviser. Over a fifth (23%) say they could not be swayed to get financial advice no matter…
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One third of adults in the UK will run out of money by the end of January, a new survey by Credit Karma has found. The research said that by 20th January, 56% of adults will have spent their entire monthly income, due to higher winter bills and financial strain from Christmas expenses. As a…
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Quantuma appointed administrators of peer-to-peer (P2P) lender ABLRate. Brian Burke, Sean Bucknall and Andrew Hosking from business advisory firm Quantuma as Joint Administrators of the P2P lending platform Aviation and Tech Capital Limited and ABLRate Assets Limited have operated a Peer to Peer (P2P) lending platform and facilitated crowdfunded loans which were used to finance…
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Small business confidence lost ground in the final three months of 2023, reversing gains made earlier in the year, according to the Federation of Small Business (FSB)’s latest quarterly Small Business Index (SBI) with two in five small firms seeing revenues fall over Quarter 4 (Q4). The headline confidence reading was -15.0 points in Q4,…
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