Credit, Collections & Insolvency News
The average household spends £406 on monthly debt repayments, excluding the mortgage according to HL Savings & Resilience Barometer. The research showed that those with mortgages spend an average of £814 on top of this with almost one in ten households (9%) in arrears. Among the lowest fifth of earners this rises to 27%. The…
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Resolution Foundation analysis of Ofgem’s Price Cap for April-June 2024, and Cornwall Insight forecasts for the price cap in the second half of the year, show that household energy bills are on track to fall by 24 per cent (or £545) in real terms in 2024, compared to last year. The latest Ofgem price cap…
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Consumer confidence in the UK has fallen for the first time since October, as recession concerns and economic uncertainty took their toll. The GfK survey revealed a drop in confidence to minus 21 points in February, from minus 19 points in the previous month, reflecting a deterioration in confidence about the health of the economy…
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Economists analysis of PMI data say the recession may already be over and predict that inflation could soon fall to 0%. The prediction came as data revealed that the private sector has grown at the fastest rate in nine months. The S&P Global Flash PMI hit 53.3 in February on an index where a reading…
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Financial software solutions specialist Aryza Group has announced reached a significant milestone in its collaboration with payments specialists Acquired.com. The overarching objective of the Aryza and Acquired.com partnership is to empower Aryza’s clients with enhanced knowledge of collecting and processing payments. Andrea Varga, Head of Innovation at Aryza, said “The process of onboarding and integrating…
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