Credit, Collections & Insolvency News
Latest analysis by the British Retail Consortium has found that shop Price annual inflation eased to 0.8% in April, down from 1.3% in March. This is below the 3-month average rate of 1.4%. Shop price annual growth is its lowest since December 2021. Non-Food entered deflation at -0.6% in April, down from 0.2% in the…
Read more
Households in the UK have experienced a year of growing disposable incomes, indicating that the cost of living crisis is being alleviated by falling inflation and rising wages a according to a report by Asda and the Centre for Economic and Business Research (CEBR). Gross income for the average household grew by 10.1% and at…
Read more
Mortgage approvals have reached their highest levels in 18 months, indicating a return of confidence to the property market, according to Bank of England data. In March, there were 61,300 net mortgage approvals, the highest since September 2022. Gross mortgage lending also rose to £20.1 billionn, the highest in 13 months. However, mortgage approvals are…
Read more
The Institute of Director’s (IoD) Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, rose to -10 in April 2024 from -12 in March. This increase sustains the leap upwards that the Index experienced in March, and continues its steady recovery from its recent low point of -31 in June…
Read more