Credit, Collections & Insolvency News
New data from NatWest SME PMI Business Activity Index has found that business activity among UK SMEs has expanded at a solid rate throughout the first quarter of the year with the recording 52.6 in March. NatWest’s index shows that a PMI reading over 50.0 indicates growth or expansion, while a reading under 50.0 suggests…
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Consumer confidence rose to its highest level in two years in the last quarter, boosted by a sharp improvement in sentiment among younger people, Deloitte’s consumer confidence index has shown Consumer confidence rose 6.5 percentage points year-on-year, largely driven by a significant improvement in sentiment towards household disposable income (up 18.2 percentage points on Q1…
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The Renters Reform Bill returns to the House of Commons for its third reading this Wednesday (24th April 2024). The legislation will abolish Section 21 ‘no fault’ evictions, tighten rules around landlord repossessions, improve housing conditions and strengthen local council powers to regulate landlords. A bill was finally published last May, setting out major changes…
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An IT Consultant has been given 13-year directorship ban by the Insolvency Service after hiding the existence of one when his company went into liquidation. The Consultant. applied for two Bounce Back Loans but failed to disclose the existence of the first loan to liquidators. Syzmon Jastrzebski was the sole director of E Marketing Ltd, a…
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