Credit, Collections & Insolvency News
More than half (54%) of UK businesses say AI has created new jobs, according to research from the Lloyds Business Barometer, as firms increasingly view AI adoption as central to growth, skills and competitiveness. 58% of businesses say they plan to increase investment in AI to upskill their workforce in the coming year. Of those…
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New findings from CRIF have shown how three in ten (29%) consumers hold pet insurance, more than double the average for the rest of Europe (12%). The UK is also the only country surveyed in which pet insurance is more widely held than health insurance (29% vs 19%). The devotion to their pets is costing…
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Nearly half (46%) of medium-sized UK businesses surveyed by BDO expect rising costs and supply-chain disruption to be their main concerns in the coming months. The continuing Middle East conflict is adding uncertainty around oil, gas and transport costs, forcing some businesses to reconsider investment and pricing decisions. BDO has warned that UK inflation could…
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Millions of working households could see their finances unravel far sooner than they realise, according to new analysis from Royal London, which warns that the UK’s financial resilience remains worryingly weak despite signs of recovery from the cost-of-living crisis. The report found that the average UK adult scores just 33% on its Financial Resilience Barometer,…
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