22nd July 2025 - Credit Connect

NatWest helps launch Future Talent Alliance initiative

22nd July 2025 Consumer Lending |

NatWest has helped launch a transformative initiative aimed at driving inclusion, which is also being backed by Nikki King CBE, with business leaders, educators, innovators, and changemakers from across the country coming together to mark the beginning of the Future Talent Alliance. The programme aims to bridge the gap between businesses and schools, taking a…

Ofwat to be abolished in overhaul of water sector

22nd July 2025 Consumer Collections | #water regulation

The Government has announced that Ofwat will be abolished and will b e replaced by one single water regulator responsible for the entire water system. In a speech at Kingfisher Wharf, the Secretary of State for the Environment, Steve Reed pledged to strengthen regulation, clean up the country’s s rivers and protect the public from…

Consumer confidence hits rock bottom

22nd July 2025 Consumer Lending | #consumer confidence

Consumer confidence in the UK has reached its lowest point in over a year, primarily due to Labour’s tax increases, which have led to rising prices and job losses. According to Deloitte’s index, household confidence has not been this low since early 2024, coinciding with a four-year high in unemployment at 4.7% and inflation rising…

Opus appoints new Partner

22nd July 2025 Appointments |

Opus Restructuring & Insolvency has announced the appointment of Brendan Clarkson as a Partner. In his new role, Clarkson will lead Opus’ growing Credit Services offering, providing support to creditors and lenders pre- and post-appointment across the firm’s 14 regional offices. Joining with over 25 years’ experience in creditor services, having worked at several of…

FCA announces simplified mortgage rules

22nd July 2025 Consumer Lending | #mortgage rules

The Financial Conduct Authority (FCA) has published a package of reforms to the mortgage market rules to support borrowers to find it easier to remortgage, saving time and money. The FCA says that under the new changes, borrowers will find it easier to reduce their mortgage term, helping to lower the total cost of borrowing…

Profit warnings surge for listed firms

22nd July 2025 Commercial Credit Management | #business listing

UK-listed companies issued 59 profit warnings during Q2 2025, a 20% rise compared to the same period last year (49), according to EY-Parthenon’s latest Profit Warnings report. The leading factor behind profit warnings during the second quarter was policy change and geopolitical uncertainty, cited in nearly half (46%) of warnings. This marked a significant increase…

Rising costs and late payments driving SMEs cashflow problems for half of businesses

22nd July 2025 Commercial Collections and Recoveries | #cash flow #late payments

British businesses are struggling to cover expenses, pay debts and invest in their businesses, as half have said cash flow is an issue for them (49%), with one in ten (10%) businesses admitting it is a significant issue, according to research from Shawbrook. 46% say their cash flow issues are primarily driven by an increase…

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