5th November 2024 - Credit Connect

Government announces University tuition fee increase

5th November 2024 Consumer Lending | #university fees

The Government has announced that it plans to increase the cap on tuition fees for England-domiciled undergraduate students from £9,250 to £9,535 for the 2025-26 academic year. This is in line with the Office for Budget Responsibility’s latest forecast for inflation as measured by RPIX (3.1%). This ends a long-running cash freeze in the fee…

Profit warnings issued by listed companies hits two-year high

5th November 2024 Commercial Credit Management | #profit warnings

Profit warnings from UK-listed companies reached a two-year high between July and September according to EY-Parthenon’s latest Profit Warnings report. The data shows that there were 84 alerts issued in the three-month period, with this up 11% on Q3 2023. It was also shown that almost one in five UK-listed companies (19.2%) issued a profit…

Card spending increased by 0.7% in October

5th November 2024 Credit Cards | #spending

Data from Barclays shows that spending on cards rose by 0.7% in October, marking a slowdown from the 1.1% rise recorded in September. Overall Retail spending grew 0.7% in October 2024, a slight fall compared to the year-on-year growth seen in September 2024 (1.1%). Nonetheless, this is a third consecutive month of growth for the sector as it…

Official Receivers hits 140th year of service

5th November 2024 Insolvency |

The Office of the Official Receiver is 140 years old this year, marking a history that has evolved from administering personal bankruptcies to overseeing major company liquidations and securing Bankruptcy Restrictions against people who pose a threat to the public through financial wrongdoing. The Insolvency Service has 16 Official Receivers based across 16 locations in…

Money Advice Trust appoints two new Directors

5th November 2024 Appointments |

Debt advice charity, the Money Advice Trust, has announced that it has made two new appointments to its senior leadership team, after new Chief Executive Steve Vaid joined earlier this year.  Damian Chapman joins as Director of Income Generation, whilst Matt Hartley is promoted to Director of Marketing and Engagement, overseeing the charity’s marketing,…

One in four people wouldn’t talk to anyone if they had money worries

5th November 2024 Arrears and Recoveries | #money worries

New research by Hargreaves Lansdown has found that one in four people (26%) said they wouldn’t talk to anyone if they had money worries. The data also shows that this figures rises to 30% among men and 36% among those aged 55 and over. The research found that 13% would speak to a debt charity…

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