Prosecutions fail to keep up with growing fraud levels

5th February 2024 Consumer Lending | #fraud prosecutions

Figures published by KPMG UK’s Fraud Barometer, which records alleged fraud cases with a value of £100,000 and above, has revealed that the total volume of fraud cases heard in UK Crown Courts was 226 cases in 2023, up from 221 cases in 2022. In contrast, fraud value was £992.9 million, a slight decrease from…

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Consumers confidence in personal finances continues to rise

5th February 2024 Consumer Lending | #consumer confidence

The latest Deloitte Consumer Tracker shows that consumer confidence increased for a fifth consecutive quarter to its highest level in two years. The research showed that overall confidence was boosted by a seven percentage point (+7.2) increase in confidence in household disposable income (up 20 percentage points year-on-year) as consumers appear increasingly less pessimistic following…

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1.1 million people have missed tax return deadline

5th February 2024 Arrears and Recoveries | #tax returns

New figures released by HMRC have revealed that 1.1 million people missed the 31st January deadline to submit their tax returns and could be on the hook for late filing penalties. Despite its estimate of late filers, HMRC has reported that it received over 500,000 more returns than it expected prior to the deadline, suggesting…

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