Credit, Collections & Insolvency News
The British Retail Consortium (BRC) has published its latest BRC Payments Survey which shows a rise in the use of cash for the second year in a row to 19.9% of transactions in 2023 (from 18.8% in 2022). Debit cards remained far and away the most common method of payment, increasing to 62.0% of transactions…
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Support for vulnerable people to access banking, build savings and improve financial resilience were part of discussions after Treasury Minister Tulip Siddiq hosted the first meeting of the new Financial Inclusion Committee. Made up of consumer groups and financial institutions, the focus is on tackling financial exclusion will discuss ways to provide individuals with poor…
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More than eight in ten (81%) UK small businesses are prioritising new initiatives to boost their overall growth prospects for 2025. Increasing new business sales (43%) and reducing fixed costs (24%) are priority areas business owners want to focus on – but there’s also evidence the recent changes to employers’ National Insurance could significantly impact…
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The Organisation for Economic Co-operation and Development (OECD) expects the UK economy to grow at a slower pace this year than it had previously forecast. However, it has upgraded its growth forecast for next year. The think-tank expects 0.9% growth this year, down from 1.1%, while 2025 is forecast to see growth of 1.7%, up…
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Credit Connect has published its annual Credit & Collections Technology Awards review. The awards review highlights the unique transparency of the Credit & Collections Technology Awards with graphics on the winning companies accompanied by judges comments. The award’s rigorous and transparent process enables each company that enters the awards an opportunity to receive a bespoke…
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