UK faces financial literacy crisis as households misjudge credit risks

The UK is facing a growing financial literacy crisis, with millions of households navigating credit without fully understanding how it works, according to new research from Creditspring.  As borrowing becomes faster and more accessible, consumers risk making costly, but entirely avoidable, financial decisions. Across the UK, understanding of even the most basic credit concepts remains…

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Third of people use ‘No‑spend February’ to tackle life admin

9th March 2026 Consumer Collections | #spending

Research from the Current Account Switch Service shows that a third of people (34%) say ‘No‑spend February’ is the point in the year when they finally tackle the life admin tasks they have been putting off, from cancelling unused subscriptions to checking whether their financial products still offer great value. The findings highlight the financial…

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Government announces water bill support reform

The Government has announced that hundreds of thousands of households will benefit from lower water bills after the Government announced a major reform of WaterSure.   Low-income households that use high amounts of water can qualify to have their bills capped. They must have a water meter and either a specific medical condition or three or…

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PKF Littlejohn Advisory announces Partner promotions

9th March 2026 Appointments | #appointments

PKF Littlejohn Advisory has announced that it has promoted Oliver Collinge and Stratford Hamilton to Partners. Hamilton heads up the PKF Littlejohn Advisory Contentious Insolvency team and has played a central role in several significant and high-profile matters, including the extensive and highly complex investigation into Public Interest Lawyers. Collinge handles all aspects of restructuring,…

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One in high street businesses go cashless

One in seven high street businesses has transitioned to cashless payments in the past year, according to a survey by ATM and cash access network Link. The research revealed that 77% still accept cash. Despite this shift, 46% of in-person transactions remain cash-based. The biggest driver to becoming a ‘cashless’ business was fraud prevention (22%) followed…

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FLA Members provided £163 billion of new lending in 2025

9th March 2026 Consumer Lending | #lending

New figures released by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £162.8 billion of new lending in 2025, 5% higher than in 2024. Of this total £40.3 billion was provided to businesses for investment in machinery, equipment, and vehicles,…

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