20th June 2025 - Credit Connect

Consumer confidence rises

20th June 2025 Consumer Lending | #consumer confidence

Consumer confidence has seen a slight increase, with GfK’s consumer confidence index rising by two points in June. The index remains in negative territory at minus 18, four points lower than last year. Confidence among UK consumers has improved but remains fragile in the face of expected petrol price rises amid escalating conflict in the Middle…

Interest rates remain at 4.25% – consumer credit reaction

20th June 2025 Consumer Lending |

The Bank of England Monetary Policy Committee (MPC) has voted to hold interest rates at 4.25%. The Bank of England has held interest rates at 4.25%. The Monetary Policy Committee (MPC) voted 6:3 for the hold, with three members voting for a cut. Commenting on the latest decision, John Phillips, CEO of Just Mortgages and…

Interest rates remain at 4.25% – business industry reaction

20th June 2025 Commercial Credit Management | #interest rates

The Bank of England Monetary Policy Committee (MPC) has voted to hold interest rates at 4.25%. The MPC voted 6 to 3 in favour of leaving rates unchanged, with 3 members preferring to cut rates to 4.0%. Responding to the Bank of England’s Monetary Policy Committee’s vote to keep the base rate at 4.25%, Tina…

Banks working to support access to finance for disabled entrepreneurs

20th June 2025 Consumer Lending |

UK Finance has released a new report on the progress made by banks following the introduction of the Disability Finance Code for Entrepreneurship (DFCE) in December 2024, which aims to improve the entrepreneurial landscape for disabled individuals. The Code sets out several commitments that signatories must make to further widen opportunities for disabled entrepreneurs, including…

Warm Home Discount extended to 2.7 million more households

20th June 2025 Consumer Collections | #energy bills

The Government has announced that the Warm Home Discount will be expanded, meaning 6 million households will receive £150 off their energy bills this winter. The Government says that this major expansion of support for working families is the latest in a raft of cost of living support made possible because the government has stabilised…

Government announces welfare bill changes

20th June 2025 Consumer Collections | #welfare bill

The Department for Work and Pensions (DWP) has announced new welfare legislation which aims to ensure there are robust protections in place to support the most vulnerable and severely disabled. The Government says. that nearly 4 million households are set to benefit from the uprating of the Universal Credit standard rate, the largest, permanent real-terms…

Government welfare cuts ‘wrong choice’ according to public

20th June 2025 Consumer Collections | #government welfare

New research has found that the majority of the public opposes the welfare changes announced by the Government this year. Twice as many people feel the Government’s changes were the ‘wrong choice’ (54%) than the ‘right choice’ (26%). Over half (53%) of 2024 Labour voters felt that the Government had made the wrong choice, but…

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