28th January 2026 - Credit Connect

Four hospitality businesses closing every day

28th January 2026 Business | #business closures

New data shows Britain’s hospitality sector is shrinking fast, with a net loss of 382 venues between October and December. Industry bodies warn that without broader support, hundreds of restaurants, hotels and pubs could close in 2026, despite pubs being exempt from upcoming business rates increases according to NIQ’s latest Hospitality Market Monitor. Britain’s number…

Almost half of people say uncertainty around money makes them anxious

28th January 2026 Consumer Collections | #money mangement

New research by Moneybox has found that half (50%) of respondents said rising costs of everyday expenses (e.g. bills, food, transport) were triggering feelings of anxiety or stress when it comes to their money. A further third (34%) said unexpected expenses or emergencies (e.g. car/home repairs, family emergencies) and a fifth (22%) mentioned a general…

Government announces cap on ground rents

28th January 2026 Commercial Credit Management | #ground rent cap

Millions of leaseholders across England and Wales are set to benefit from a major shake-up of the outdated leasehold system – with ground rents set to be capped at £250 a year, changing to a peppercorn cap after 40 years. Ground rents were abolished for most new residential leasehold properties in England and Wales in…

FCA review to consider how AI impacts financial services

28th January 2026 Consumer Lending | #AI #FCA

The Financial Conduct Authority (FCA) has initiated a review into the impact of artificial intelligence (AI) on retail financial services. Sheldon Mills, an outgoing FCA executive, will explore how AI could reshape markets and consumer behaviour. While AI may enhance financial management, Mills warned of potential risks, including biased decision-making and increased fraud. AI is…

Government announces targeted business rates support measures for pubs and music venues

28th January 2026 Commercial Credit Management | #business rates #government

Pubs and music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years. It comes after a backlash against November’s Budget, which left many facing major increases in their business rates bills, and led to more than a thousand pubs banning…

Two in five construction firms close within five years

28th January 2026 Business | #construction business closures

New research by Witan Solicitors, has analysed data from Companies House to determine the number of construction firms incorporated between January 2021 and December 2025 and compared this to the number that have since entered administration, liquidation, or been dissolved. The data found that in the past five years, two in five (41.6%) of newly…

Number of people in ‘very deep poverty’ hits 30 years high

28th January 2026 Arrears and Recoveries | #poverty

The number of people living in “very deep poverty” in the UK is at the highest level in more than 30 years, according to new research by Joseph Rowntree Foundation (JRF). Very deep poverty is defined by the Joseph Rowntree Foundation as earning below 40% of the median household income. According to its latest report,…

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