Credit, Collections & Insolvency News
The Bank of England’s rate-setting body the Monetary Policy Committee (MPC) announced it has decided to keep interest rates on hold at 5.25% for the fifth time in a row. The MPC voted by a majority of 8–1 to maintain Bank Rate at 5.25%. One member preferred to reduce Bank Rate by 0.25 percentage points,…
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Figures released by the Office for National Statistics (ONS) has found that the average monthly rent in the UK rose by 9% in the year to February – the highest annual increase since records began in 2015. The average monthly rents hit £1,276 in England, a 8.8% increase year-on-year. In Scotland, they rose by 10.9%…
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The DWP has published a new report reviewing the cost of living support and it’s impact on households with below average income. The report showed that 1.3 million more people would have been in absolute poverty after housing costs in FYE 2023, a 2 percentage point increase, without the additional cost of living support provided.…
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Financial software solutions provider, Aryza has announced it has made three appointments. Elliott Green assumes the role of Head of UK, Legal & Insolvency, taking on full responsibility for the division’s UK profit and loss management. Green will spearhead Aryza’s growth strategy in the UK market. Andrea Varga is appointed as Head of Revenue, Legal…
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