Credit, Collections & Insolvency News
The cost of late payments to small businesses has more than doubled in two years, reaching £1.6 billion at the end of 2023, according to a report by Xero. The latest quarterly data shows small firms were paid, on average, 6.1 days late during the last three months of 2023. This figure shows no signs…
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Chancellor Jeremy Hunt has announced the Spring budget for 2024. Commenting on budget, Richard Lane, Chief Client Officer at StepChange Debt Charity, said: “It’s encouraging to see a six-month extension to the Household Support Fund (HSF) announced today, but it’s questionable how much things will improve in that time, especially considering two in five people…
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Chancellor Jeremy Hunt has announced the budget for 2024. Commenting on the Chancellor’s Budget Statement, Federation of Small Businesses (FSB) Policy Chair Tina McKenzie said “We welcome today’s increase in the VAT threshold as well as the cut to self-employed National Insurance Contributions (NICs). Elsewhere, we were pleased to see a package of small business…
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As we approach the 2024 general election, both sides of the political divide clearly want to stake their claim to be the party of law and order. However, when we look at the political narratives around crime, it is clear that politicians (and indeed the public) view ‘crime’ primarily through a very limited lens of…
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Consumer card spending grew just 1.9 per cent year-on-year last month, significantly lower than the latest CPIH inflation rate of 4.2 per cent and the smallest growth since September 2022. Face-to-face retail (excluding groceries) was a major contributor to this slowdown, contracting 2.2 per cent, which helped boost “Insperiences”, including takeaways and digital content, as…
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