13th December 2024 - Credit Connect

Economy shrinks for second month in a row

13th December 2024 Commercial Credit Management | #economy #GDP

Gross domestic product (GDP) declined by 0.1% month on month in October for the second consecutive time and below expectations of 0.1% growth. GDP is estimated to have fallen largely because of a decline in production output; this follows a fall of 0.1% in September 2024. Real GDP is estimated to have grown by 0.1%…

NationaI Insurance rise hinders growth for half of businesses

13th December 2024 Commercial Credit Management | #business growth

In the aftermath of the new Labour Government’s first Budget, businesses are looking to how best mitigate the impact of the announced rise in employee National Insurance (NI) with half of UK SMEs (50%) expecting the policy to hinder business growth, with 31% saying it will hinder their own business according to new research from…

PSR proposes cross border price cap to protect UK businesses

13th December 2024 Consumer Lending | #card fees

The Payment Systems Regulator (PSR) has published its final report of its market review into cross border interchange fees. The report finds that the high level of fees is harming businesses. The report found that throughout 2021 and 2022, Mastercard and Visa raised their cross-border interchange fees fivefold from 0.2% to 1.15% for debit cards…

Consumer confidence rebounds from pre-budget anxieties

13th December 2024 Consumer Lending | #consumer confidence

Consumer confidence is recovering from a dip caused by pre-budget anxieties, with the GfK index rising to -17 in December, following a three-point increase in November. Despite concerns over inflation due to rising prices from businesses, the data indicates a growing optimism among consumers regarding their finances and a willingness to spend. Neil Bellamy, Consumer…

Everyday Loans and Jaywing agree AI software partnership

13th December 2024 Company News |

Data science consultancy Jaywing has announced a strategic three-year partnership with Everyday Loans to implement advanced AI and machine learning solutions across their business operations. Jacob Rukin, Chief Credit Officer at Everyday Loans said “This investment in AI technology demonstrates our dedication to merging cutting-edge analytics with responsible lending practices,” “With Jaywing’s Archetype platform, we…

Jobs divide between rich and poor has fallen by a third

13th December 2024 Consumer Collections |

The employment gap between people living in the poorest and richest families in Britain has fallen by a third since the late 1990s according to latest research by the Resolution Foundation. The data also showed that workers in poorer households remain less likely to be satisfied with their job, and more likely to have insecure…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.