Credit, Collections & Insolvency News
Latest Insolvency Service data show that accommodation and food services insolvencies rose 9% month-on-month, from 205 in December 2025 to 223 in January 2026. However, insolvencies in the sector dropped 18% year-on-year from 273 in January 2025. RSM UK says that this uptick, while concerning in the short term, is set against a more favourable year-on-year backdrop. This suggests…
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The Bank of England has announced that it has held interest rates at 3.75% with the Monetary Policy Committee (MPC) voting unanimously to keep interest rates on hold. The Bank says that a “shock to the economy” sparked by the war in the Middle East could push inflation as high as 3.5% later this yeart,…
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New research commissioned by subscription lender Creditspring found that more than three quarters of mothers (77%) have worried about money in the past three months because of child-related costs such as birthday parties, activities, clothes and days out. That compares with 70% of fathers. The research also suggests many mums feel responsible for managing these…
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