Credit, Collections & Insolvency News
The Bank of England has announced that it has kept interest rates at 5.25%. The MPC voted 6-3 to hold rates steady, with two dissenters preferring an increase in rates to 5.5% and one preferring a cut to 5% The Resolution Foundation that the Bank of England’s latest economic outlook will bring relief to consumers and mortgagors, as forecasts…
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Average water bills are set to rise by 6% in April to around £473 annually for combined services according to suppliers’ trade body Water UK. Water UK said, was below inflation and represents a real-term reduction since 2019, however, consumer body CCW urged the sector to go further in support of households struggling to pay.…
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Intrum UK, part of the Intrum Group, Europe’s leading credit management firm, is pleased to announce the appointment of Jim Appleby as Managing Director. Jim Appleby’s predecessor, Eddie Nott, who has led the business through 10 years of successful growth, has joined the Intrum Board as Non-Exec Director. Appleby joined the Intrum UK Leadership Team…
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Latest figures from the Equity Release Council has indicated that lending has decreased. The figures show that total annual lending in 2023 was £2.6 billion following a record-breaking £6.2 billion in 2022, returning the market to the level of activity last seen between 2016 to 2017 (£2.1 billion to £3.1 billion). New and returning equity…
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Insolvency software specialist, Turnkey has announced the appointment of Craig McDonnell as the Director of Personal Insolvency and Creditor Services. McDonnell is an accomplished professional with 10 years of experience and a proven track record in creating and building technology solutions for the personal insolvency industry. Deborah Baxter, Chief Operating Officer at Turnkey said “We…
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Fluent Money has announced that it has appointed Tim Wheeldon as Chief Executive Officer (CEO). Wheeldon has a wealth of experience in the business having been one of the founding members of the company in 2008 alongside Kevin Hindley, Paul Ford, and Simon Moore. Wheeldon was previously Chief Operating Officer at Fluent Money, which was…
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