Credit, Collections & Insolvency News
Latest data from the Bank of England has found that mortgage debt increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to £0.8 billion in April. The number of mortgages approved for home purchases in the UK rose to 63,000 in May, an increase of…
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Rising energy prices over the last two decades have squeezed incomes for low-and-middle income families and contributed to a ‘comfort crunch’ as more of their budgets are spent on household essentials, according to new Resolution Foundation research. The report notes that non-housing essentials – food and drink, utility bills, clothing and footwear, childcare, and road,…
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Online businesses in the North West are securing much larger advances than their southern counterparts, reflecting the region’s growing digital economy and the impact of regional investment in tech hubs. The median advance approved for online businesses in the North West of the country has now increased by 483% year-on-year, to an amount of £175,000…
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A new Government report has highlighted how Companies House is transforming from a passive register to an active gatekeeper, providing examples of how the agency is actively tackling economic crime and improving register data. Key to Companies House progress is strengthened collaboration with The Insolvency Service and other law enforcement agencies to present a unified front…
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The IoD Directors’ Economic Confidence Index, which measures business leaders optimism in prospects for the UK economy, fell back to -53 in June 2025, having risen to -35 in May. Business leaders’ confidence in their organisations also fell to +3, having reached +15 in May. Investment intentions fell to -10 in June 2025, from ±0…
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