Credit, Collections & Insolvency News
New data from Pure Cremation has revealed that the average traditional funeral now costs £4,562. A cremation funeral typically comes in at £4,232, while an average burial funeral reaches £6,065, with prices vary dramatically depending on location. According to the data, Wales is the cheapest place to die, with a traditional funeral averaging £4,136. In…
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The IoD (Institute of Directors) Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, ticked up to -66 in December 2025 from the (pre-Budget) November level of -73. Once business leaders had a little more time to reflect on the impact of last year’s Budget on confidence in their…
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Deloitte’s latest survey of UK Chief Financial Officers (CFOs) shows that 59% of the UK’s largest businesses have become more optimistic over the past 12 months on the potential for AI to boost the performance of their own organisation – up from 39% when last measured in the third quarter of 2024. CFOs overwhelmingly (96%)…
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Latest Bank of England data showed that net borrowing of mortgage debt by individuals increased to £4.5 billion in November, following a decrease of £1.0 billion to £4.2 billion in October. Mortgage approvals for house purchase fell by 500 to 64,500. By contrast, approvals for remortgaging rose by 3,200 to 36,600 in November. Approvals for…
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Credit Management, debt recovery and customer engagement specialist, Zinc Group has announced a significant expansion across both its operational centres in Scotland and England, representing a major investment in its people, clients, and service capability for 2026 and beyond. The company will expand its Glasgow offices by taking over all remaining space within its existing…
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Household spending in the UK decreased by 0.2% in 2025, marking the first decline since 2020, according to Barclays. Families are cutting back on essentials, including groceries. The figures fell after growing 1.6 per cent in 2024 and 4.1 per cent in 2023. In a year marked by careful and considered budgeting, confidence in household…
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Latest Bank of England data has shown that credit card borrowing rose at the fastest annual rate for almost two years in November. Net borrowing through credit cards was £1 billion, up from £700m in October 2025. Net borrowing of consumer credit by individuals increased to £2.1 billion in November from £1.7 billion in October.…
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