14th July 2025 - Credit Connect

Fairer Finance appoints Chair

14th July 2025 Appointments |

Fairer Finance has appointed Helene Brichet as Chair of its Consumer Advisory Board (CAB). The Fairer Finance Consumer Advisory Board plays a critical role in overseeing the consumer group’s activities, scrutinising its commercial relationships, research, ratings, campaigning efforts, and media commentary to uphold transparency and independence. Brichet previously served as a CAB member for four…

Small business sentiment hits record low

14th July 2025 Commercial Credit Management | #business confidence

More small businesses expect to downsize or close than grow over the next 12 months, according to a survey by the Federation of Small Businesses (FSB). In the first quarter of the year nearly half of small businesses (48 per cent) expected to grow over the coming year, while only around one in six (18…

UK’s position as a financial services leader is under threat

14th July 2025 Commercial Credit Management |

Four in ten (39%) senior financial professionals working in the UK say the country’s dominance in financial services has weakened in recent years, according to research by CRIF. As a result, nearly half (44%) say they no longer consider the country a global leader in financial services, with the top reasons behind this including Brexit’s…

GDP fell by 0.1% in May – industry reaction

14th July 2025 Commercial Credit Management | #GDP

Latest ONS data has shown that GDP unexpectedly fell by 0.1 per cent in May, marking a second consecutive monthly decline. This follows April’s decline of 0.3 per cent and underscores the challenge the Government’s faces in terms of the overall economy. Manufacturing, retail, and energy sectors saw notable drops, including weaker car production and…

Record number of families are living in temporary accommodation

14th July 2025 Consumer Collections | #poverty

A record 128,000 households are living in temporary accommodation in England, an increase of 160 per cent since 2010, as support for lower-income families through social housing and the benefit system continues to decline, according to new Resolution Foundation research. With the creation of affordable homes being one of the Government’s central milestones, the Foundation’s…

Money Advice Liaison Group appoints new Chair

14th July 2025 Appointments |

The Money Advice Liaison Group (MALG) has announced that it has appointed Fiona Hoyle as its new Chair. Hoyle is the Head of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA) and has been on the board of MALG for four years. She replaces former MALG Chair Paul Smee, also…

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