Credit, Collections & Insolvency News
Latest ONS data has found that inflation came in at 3.4% in February, well below the 4.0% reported in January. Economists had forecast a drop to 3.5%. The figures also showed that food inflation has fallen for the 11th consecutive month. Prices were up 0.6% in a month (compared to 1.1% a year earlier). Inflation…
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The Work and Pensions Select Committee’s has launched a new report on benefit levels. In response to the launch of the report, StepChange debt charity has made a number of key recommendations to the charity outlining that the Government should make the Household Support Fund permanent. The HSF received a six-month extension in the recent…
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A new survey by credit management company Lowell revealed that British Gen Z adults owe on average £5,069 of debt, with 13% owing more than £10,000, a further 61% of people admitting financial decisions they have made are already starting to affect their future goals. With almost half (48%) of Gen Z outlining credit card debt as their main…
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Debt difficulties may be a reality for the majority of households, but even this isn’t enough to stop many struggling in silence and running the risk of spiralling into persistent problem debt, according to research by Fair4All Finance, the not-for-profit financial inclusion organisation. The research on the hidden impact of the cost-of-living crisis reveals widespread…
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Latest data from the ONS has found that CPI inflation fell to 3.4 per cent in February, confirming the fastest 12-month fall in inflation since 1978 and bringing inflation to its lowest level since September 2021 Commenting on the inflation figures for February, David Cheadle, Chief Operating Officer at National Debtline, said “This fall in…
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