Credit, Collections & Insolvency News
Latest Bank of England data have shown that net borrowing of consumer credit by individuals rose slightly to £1.6 billion, from £1.5 billion in the previous month. Within this, net borrowing through credit cards slightly increased to £0.8 billion in July, from £0.7 billion in June. Net borrowing through other forms of consumer credit increased…
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Latest data from Allica Bank has revealed that 48.5% of brokers have seen an increase in applications over the past six months. That’s up from 40% in Q4 2024, and comes despite a period marred by global uncertainty, trade tensions, high costs, and the introduction of higher employer National Insurance contributions. Only 20.3% of brokers…
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Ofwat has announced the appointments of Chris Walters as its new interim Chief Executive and Helen Campbell as the new interim Executive Director, Delivery. Walters was previously the Senior Director for the Price Review, and Campbell was previously Senior Director for Sector Performance at Ofwat. In his role as interim Chief Executive, Walters will provide…
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Leonard Curtis has announced the appointment of Paul Haworth as Head of Group Compliance. Haworth joins Leonard Curtis with a 20-year track record in the restructuring and turnaround sector at a key time of growth for the firm and his brief is to ensure robust compliance advisory across the Group to meet the company’s ambitious…
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Latest Bank of England data showed mortgage approvals for house purchases rose in July for a third consecutive month, Mortgage approvals for house purchases increased by 800 in July, to 65,400. Approvals for remortgaging decreased by 2700 in July, to 38,900. Net borrowing of mortgage debt by individuals decreased by £0.9 billion to £4.5 billion…
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