Credit, Collections & Insolvency News
The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, remained at a near record low of -73 in November in the run-up to the Budget – unchanged from October. In our snap poll directly after the Budget, the index rose one point to -72. Business leader confidence…
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Nearly one in three UK households are worried about paying their winter bills, according to new figures from Ocean Finance. With energy costs rising faster than many can cope with, families face a tough few months ahead whilst Ofgem warns that bills could rise by £75 next spring. The survey also revealed that 33% of…
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Two leading think tanks say the freeze on tax thresholds until 2031 is a major stealth tax on working households. The Resolution Foundation estimates 1.7 million people will be pulled into paying tax or into higher bands. The OBR forecasts higher-rate taxpayers rising from 7.2 million to 8.9 million, and additional-rate taxpayers from 1.2 million…
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New YouGov polling by StepChange Debt Charity reveals more than one in four adults (27%), equivalent to around 14.3 million people, will struggle to afford Christmas this year, which rises to almost one in three (31%) among parents with children at home. With the cost of living still stubbornly high and millions struggling to make…
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Ofcom has fined Virgin Media £23.8 million, after it disconnected telecare customers during its programme to migrate customers to digital landlines. Landline phone calls have traditionally been delivered over a copper-based network known as the public switched telephone network (PSTN). This network is beyond its intended lifespan and is becoming increasingly unreliable, so it needs…
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