Fall in small business confidence

29th August 2024 Commercial Credit Management | #small business confidence

Analysis by the Federation of Small Businesses (FSB) suggests that confidence among small business owners fell into negative territory in Q2, with rising employment costs denting morale. The FSB’s Small Business Index (SBI) for Q2 2024 saw the headline confidence reading tumble to -10.8 points, a fall of 16.3 points from Q1’s +5.5 points. Construction…

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Household incomes projected to grow by a 3% this year

29th August 2024 Arrears and Recoveries | #household incomes

A new forecast has predicted that median household incomes are projected to grow by 3 per cent this year. However on current economic forecasts and policy assumptions, this recovery is set to peter out, with incomes forecast to grow by just 2 per cent in total over the next five years, highlighting why the Government…

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Household costs rise by 2.5%

29th August 2024 Arrears and Recoveries | #household costs

Latest ONS data as measured by the Household Costs Index (HCI), has found that household costs rose 2.5% in the year to June 2024, slowing from the annual rate of 4.5% in March 2024. Over the past three years, the all-households inflation rate has followed the fifth income decile most closely; costs for these households…

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