Credit, Collections & Insolvency News
An Accountant who took out three Bounce Back Loans has been given a 12-year director ban by the Insolvency Service and must repay £75,000. Dion Mailich took out three Bounce Back Loans for his business – despite being only entitled to one. The Accountant applied for loans totalling £125,000 – five times the amount his…
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Figures from the Bank of England show UK mortgage approvals hit their highest level in 17 months in February, rising to 60,400 from 56,100 in January. The volume of mortgage lending rose to £1.5 billion in February from £1.1 billion at the start of the year. Net approvals for remortgaging also increased, from 30,900 to…
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New Money & Credit figures released by the Bank of England show Latest Bank of England data has found that consumers have reduced their borrowing in February due to the uncertain economy, with credit card borrowing falling from £800 million to £500 million. Other forms of consumer lending, such as personal loans and car finance,…
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There are a number of key employment law changes that are coming in this April that businesses need to be aware of. Flexible working rights A significant change to worker rights set to be introduced in April will ensure flexible working is more accessible than ever before and demonstrates the traditional 9-5 working pattern is…
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