11th June 2025 - Credit Connect

Two thirds Gen Z feel judged about their money management

11th June 2025 Consumer Lending | #money management

New research from HSBC and Young Enterprise has found that Gen Z feels judged about their financial management, with 67% expressing embarrassment, primarily from family. Nearly two thirds (63%) of Gen Z respondents say they’ve ‘felt judged’ about how they manage their money – whether by family (39%), friends (31%), or by social media (17%).…

Retail jobs fall by over 360,000 jobs in a decade

11th June 2025 Commercial Credit Management | #retail jobs

According to the latest report by the ONS there were 2.76 million jobs in retail in March 2025. The four-quarter average, which smooths out the seasonal variations in hiring, was 2.80 million jobs in March 2025, 93,000 fewer than at the same point last year, and 364,000 fewer than in 2015. On a four-quarter average…

Mortgage lending increases by 50.4%

11th June 2025 Arrears and Recoveries | #mortgage lending #possessions

Latest data from the Bank of England has shown that the number of new mortgages competed by lenders jumped 50.4% to £77.6 billion in the first three months of the year compared to 12 months ago, hitting the highest quarterly level for more than two years. The data shows that the outstanding value of all…

FCA appoints Deputy Chief Executive

11th June 2025 Appointments |

The Financial Conduct Authority (FCA) has announced that it has appointed Sarah Pritchard as its Deputy Chief Executive to manage growing remit, support growth and drive reform The new role has been created to reflect the FCA’s expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin and crypto firms as well…

Later life mortgages increased by 33.5% in Q1

11th June 2025 Consumer Lending | #later life lending

UK Finance has published its later life mortgage lending update for Q1 2025 which showed that there were 38,510 new loans advanced to older borrowers in Quarter 1 (Q1), increased 33.5 per cent year on year. The value of this lending was £6.1 billion, which was up 42.6 per cent compared with the same quarter…

Eight in ten small businesses experiencing barriers to growth hits five year high

11th June 2025 Commercial Credit Management | #business

More than eight in ten small business owners (83%) cite barriers holding their businesses back from growing – and in the Manufacturing (96%) sector the figures have hit a 10-year high – according to new research from Novuna Business Finance. The findings come at a time when the Government is grappling with delivering on its…

Business growth expectations revived

11th June 2025 Commercial Credit Management | #firms growth

May’s NatWest Regional Growth Tracker showed renewed increases in business activity across several parts of the UK, alongside a general revival of firms’ growth expectations for the coming year. The Tracker – which surveyed businesses operating in the manufacturing and services sectors across 12 regions of the country – showed improvements in…

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