Credit, Collections & Insolvency News
The Credit Services Association (CSA) has announced that former England captain and manager Kevin Keegan has been confirmed as special guest speaker at its annual CSA Awards. Keegan is one of the most recognisable faces in British football, with an illustrious playing career including time at Liverpool, Hamburg, Southampton and Newcastle as well as the…
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Latest Office for National Statistics (ONS) has shown that Gross Domestic Product (GDP) rose 0.1% in February providing another sign of a return to sluggish economic growth this year. Output from the production industry led the economy’s growth, rising by 1.1%, compared to a fall of 0.3% in January. The figures were in line with…
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Universal Credit (UC) is on track to be fully rolled-out to seven million families by the end of the next parliament, with working renters the main winners and those with disabilities the main losers from the reform as it faces up to new challenges like rising long-term sickness, according to new Resolution Foundation research. With…
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Half of consumers say they have cut non-essential spend in the first quarter of the year and consumers are four times more likely to save than spend, according to new research from KPMG UK. KPMG UK’s Consumer Pulse survey tracks the quarterly confidence and spending behaviour of 3000 consumers across age and income groups and…
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Shire Leasing has announced changes to its executive board as part of the changes Helen Lumb has assumed the role of Managing Director. Lumb brings a wealth of experience and an intimate knowledge of the company’s operations, joining the company as Finance Director in 2014 and later taking up the role of Chief Financial Officer in…
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The Competition and Markets Authority (CMA) has expressed concerns that the biggest technology companies are using their dominance in artificial intelligence (AI) in a way that could harm consumers. As AI develops rapidly with the potential to create social disturbance, such as replacing jobs, global regulators want to ensure that big tech is not able…
Read moreLatest Insolvency Service figures have shown that a total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, an increase in more than 80% on the previous year. The average length of director disqualification for Covid misconduct in 2023-24 was almost 10 years The Covid Bounce Back Loan Scheme was introduced…
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