Credit, Collections & Insolvency News
New research from AllClear has revealed that over half of parents (56%) have received financial help from grandparents for family holidays, while 54% say they’ve even footed the entire bill. With the rising cost of living in the UK, grandparents appear to be playing a bigger role than ever before, with many stepping in to…
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The Financial Policy Committee (FPC) has announced two new appointments. The Chancellor of the Exchequer, Rachel Reeves, has announced the appointment of Professor Stephen Blyth as an external member of the Financial Policy Committee. Professor Blyth is a British mathematician and academic who has served as Principal of Lady Margaret Hall, Oxford, since October 2022.…
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New data from Moneyfacts has shown that despite softening house price growth, the burden of mortgage payments is impacting household finances. The data shows that an average earner is able to put down the required deposit and commit to a mortgage in the past couple of years, but will have found their monthly mortgage payment…
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The UK government may be celebrating favourable tariffs with the USA and new trade deals with countries outside the EU, but the vast majority of UK small businesses are now focused on the domestic British market to secure growth over the next 12-months, according to new research from Novuna Business Finance. The nationally representative survey…
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The UK economy is expected to grow by 1.3% in 2025, revised up from the previous forecast of 1.1% according to the British Chambers of Commerce (BCC). The BCC says that the upgrade reflects better-than-expected economic performance in Q1, supported by public spending. However, GDP is expected to slow slightly in 2026 to 1.2%, before…
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Unity Trust Bank has announced the appointment of Martin Barrett as its Chief Operating Officer (COO). Barrett previously worked at Lloyds Banking Group for 24 years, and brings a wealth of experience in commercial banking, payments, financial crime, and operational and change management. During this time, he held a variety of senior roles within the…
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Bluestone Credit Management has announced that it has promoted Gareth Willey-Ransford to the new role of New Business Executive. Head of Business Development, Simon Frost said “We continue to find that the hands-on expertise within Bluestone is highly valued by clients and prospective clients alike. Our understanding of the credit journey and empathy with clients’…
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