Credit, Collections & Insolvency News
Sluggish economic growth and economic shocks including the financial crisis and the pandemic mean increases in disposable incomes have been ‘slowing to a crawl’ since 2010, according to the Resolution Foundation. The think-tank says typical household incomes have risen by just £140 a year, with an increase of just 7% over the last 14 years.…
Read more
Children may be missing out on educational school trips as parents struggle to cover the costs and schools lack funds to subsidise them according to research by public sector insurer Zurich Municipal. A poll of 1,000 parents by the insurer found that one in three (31%) believe school trips are now too expensive, while a…
Read more
Confidence among British businesses fell from an eight-year high in June, according to analysis by Lloyds Banking Group. The research showed that business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading is consistent with levels seen during Q1 2024, before the sharp rise in…
Read more
The Institute of Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy has shown a drop in optimism -14 in June 2024 from -3 in May. The analysis showed notable drops in business leaders’ investment intentions, which fell to +19 in June from +30 in May. Furthermore, headcount expectations…
Read more
Cornwall Insights has forecasted that the October-December energy cap will drop to £1,723 a year for a typical dual-fuel consumer, a reduction of nearly £40 annually compared with our forecast in May. Cornwall Insights says that despite the drop in the prediction, this cap level would still represent a 10% increase from the £1,568 a year…
Read more