Credit, Collections & Insolvency News
Earlier this year, a House of Lords committee delivered a damning verdict on the FCA’s much debated ‘naming and shaming’ plans. Consultation on the regulator’s proposed policy to publish the names of companies under investigation was called an ‘abject failure’ by the House of Lords Financial Services Regulation Committee, which advised that the plan be…
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High net worth women are feeling more anxious about their finances than men, according to new research by Saltus. The insight found that financial pressures are not only increasing, but also that women are feeling the pressures more than men. The data showed that 40% of female respondents said their money makes them anxious, compared to…
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New research by TransUnion has revealed that over the last 12 months, there has been an 8% increase in the proportion of UK consumers who said they have a credit card, yet a third say they don’t know their credit score. The report also found that inflation remains above the Bank of England’s 2% target,…
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Tax compliance costs small businesses nearly £25 billion a year, while three in five small business owners report that dealing with HMRC has increased their personal stress, according to a new report by the Federation of Small Businesses (FSB). The report counts the demands—in terms of stress, time, and financial costs—on small business owners when…
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The owner of a North London tyre shop has been banned as a director for 10 years after overstating his company’s turnover to secure a maximum-value Covid loan. Shkelzen Gashi ran Smart Tyres Services Ltd from his address on Harringay Road from 2015 to 2022. The 53-year-old claimed his company’s turnover was £250,000 when he…
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