Credit, Collections & Insolvency News
Economic uncertainty is on the rise for the UK’s 5.6 million small and medium-sized enterprises (SMEs) following the Autumn Budget, according to iwoca’s Q3 2024 SME Expert Index. The percentage of brokers reporting pessimism among their SME clients about the future has more than doubled, rising from 15% last quarter to 34%. Meanwhile, only one…
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Buy-now pay-later is heading into uncertain terrain. Prior to being elected, Labour signalled its intention to tighten up the law as it applies to this unregulated niche of financial services, unhappy with the fact that a third of such loans are not paid off at the end of the term and 20% of borrowers miss…
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The latest Lloyds Business Barometer found that confidence fell in November, with the index dipping three points to 41%. Considerably above the long-term average of 29%, the change followed a period of sustained positivity from businesses, as confidence reached the highest level reported since 2015 during May, July and August this year. The Business Barometer,…
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