Credit, Collections & Insolvency News
A coalition of businesses and charities have outlined a series of demands for urgent reform to unlock home ownership for millions of renters. Following a summit in London on 29th October, the group have sent a joint letter to the Chancellor ahead of the Autumn Budget, urging reforms that would ensure renters’ payment history is…
Read more
Lloyds Banking Group research has shown that more than 28 million (56% of UK population) adults are now turning to Artificial Intelligence (AI) to help manage their money. ChatGPT is referenced as the most popular platform, used by six out of ten. With more than half of people who use AI employing it for budgeting,…
Read more
The latest IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, remained at historic low levels of -73 in October 2025, little changed from -74 in September, which was the lowest reading of the Index on record. Business leader’ confidence in their own organisations crept up to ±0,…
Read more
Latest data has shown that complaints to the Financial Ombudsman Service (FOS) fell to 46,300 in the quarter ending September 2025, down from 73,700 a year earlier. The decline follows the introduction of charges for professional representatives referring cases. FOS recorded 305,726 complaints for the year ending 31st March, with this driven by grievances over…
Read more