2nd March 2026 - Credit Connect

Later life lending increases by 15.1%

2nd March 2026 Consumer Lending | #later life lending

UK Finance has released its latest data on the later life mortgage showing that lending increased by 15.1% in Quarter 4 (Q4). The data showed that 41,400 new loans advanced to borrowers over 55 in Q4 2025. £810 million pounds of lending was to leant borrowers aged 65 to 70, up a huge 26.56%. A…

Business leaders’ confidence in economic outlook remains fragile

2nd March 2026 Commercial Credit Management | #business risk

The IoD Directors’ Economic Confidence Index, which measures business leaders’ optimism about prospects for the UK economy, dropped back to -63 in February 2026, from -48 in January. Business leaders’ confidence in their own organisations also fell, to +1 in February from +14 in January. There were also declines in many of the underlying indicators,…

CSA announces board of directors appointments

2nd March 2026 Appointments |

The Credit Services Association (CSA), the UK’s recognised trade body for the debt collection and debt purchase industry, has announced the appointment of four board directors following its 124th Annual General Meeting (AGM). There were two new appointments, including Samantha Reed, Risk and Compliance Director at Intrum, who brings extensive experience in governance, regulatory engagement…

PRA appoints new CEO

2nd March 2026 Appointments |

Katharine Braddick CB has appointed as the next Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA), succeeding Sam Woods, whose term ends in June 2026 and has served as Deputy Governor for Prudential Regulation since 2016. Braddick brings a rare mix of private sector banking experience…

County Court judgment volumes hit highest levels since 2019

2nd March 2026 Arrears and Recoveries | #CCJs #County Court Judgments

New figures published today by Registry Trust have shown that court judgment activity rose sharply in 2025, reaching its highest level since before the pandemic. A total of 1,196,174 new County Court Judgments (CCJs) were registered across the UK and Ireland in 2025 – a 10.1% increase year-on-year and the highest annual total since 2019, 1,163,903…

Late payments driving 14,000 businesses to close every year

2nd March 2026 Commercial Collections and Recoveries | #late payments

Late payments are forcing an estimated 14,000 businesses to close every year, equivalent to 38 closures every single day, as cash-strapped firms struggle to survive unpaid invoices, according to new analysis from Funding Circle. Construction is the sector most exposed, with over 2,100 firms estimated to have closed in 2024 due to delayed payments, driven by…

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