Credit, Collections & Insolvency News
The Trussell Trust has published new research which it says that highlights the inadequacy of Universal Credit across the UK. The anti-poverty charity is urging the Chancellor to take urgent action to increase long-term support for people struggling to get by on Universal Credit and commit to extending the Household Support Fund as soon as…
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Digital mortgage lender, Molo Finance has appointed Matthew Kimber as Chief Executive Officer. Kimber joined Molo last November as Chief Operating Officer and has over two decades of banking and finance experience. Prior to that, he worked at CHL Mortgage for over eight years, leaving as Managing Director. Kimber has also worked in underwriting…
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New TUC analysis has revealed that the average woman effectively works for free for nearly two months of the year compared to the average man. This is because the gender pay gap for all employees currently stands at 14.3%. This pay gap means that working women must wait 52 days – nearly two months –…
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A study has found that whilst women are leading on budget management and day to day financial planning, they are not investing for the future and less likely than men to invest in stocks and shares according to research by Readly. Two thirds of people (76 percent) consider themselves to be financially literate and engaged…
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High banking charges are a bigger blocker to international expansion for businesses than Brexit red tape, according to survey research by Wise. The analysis found that UK small businesses lost £2.8 billion to hidden fees, preventing 69% from expanding further. Business owners said they struggle to compare the market due to a ‘corporate opt out’ that…
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