Credit, Collections & Insolvency News
A new report by the British Retail Consortium (BRC) has put cost pressures in the UK retail sector could lead to one in ten jobs being at risk by 2028. Since 2015, over 350,000 retail jobs have already been lost, a decline significantly larger than that in the steel industry. While the Government has…
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A woman who pretended to run a business to secure a £50,000 Covid Bounce Back Loan has been sentenced for fraud following an investigation by the Insolvency Service. Rubaszko applied to a bank for a Covid Bounce Back Loan on 26th April 2021, which was approved on 28th April 2021 and paid into her bank…
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The Government has announced in a Written Ministerial Statement that the Ministry of Justice will be consulting on how to implement regulation of the enforcement sector. The Government says the review will aim to increase protections for those facing debt enforcement action and raise fees recoverable by bailiff firms. Setting out plans to overhaul to…
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A new survey of hospitality operators from across the sector lays bare the impact of recent increases to employer National Insurance Contributions (NICS) and the changes to Business Rates on hospitality businesses. The effects are already so dramatic that Government targets, including ambitions to hit 80% employment and high street renewal, look doomed to fail…
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The Government has announced that more than three-quarters of pensioners will receive the winter fuel payment this year. The change wil mean that around nine million pensioners with an income of, or below, £35,000 a year receiving the benefit. The threshold is well above the income level of pensioners in poverty and is broadly in…
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