Credit, Collections & Insolvency News
Energy bills are forecast to rise by 4% from October, according to Cornwall Insight’s final forecast for the Default Tariff Cap (price cap). On a unit-for-unit basis, this would see bills rise to their highest level since July 2023. Under Ofgem’s new definition of a typical consumer introduced in July 2026, the annual cap is…
Read more
Consumer confidence has risen, with the British Retail Consortium (BRC) reporting an eight-point increase in its index to -28 in August. Gen Z showed the most optimism, anticipating improved finances and increased spending. According to BRC-Opinium data, consumer expectations over the next three months of the state of the economy improved to -28 in August, up from -36 in…
Read more
Families could be spending over £15,500 on hidden costs including school clubs, uniforms and trips over a child’s school career, according to new Nationwide research. School clubs account for the biggest share of that cost, with parents spending an average of £700 each year on clubs and associated costs, almost twice as much as uniform…
Read more
Many aspiring homeowners could be delaying their plans to get on the property ladder because they mistakenly believe they wouldn’t qualify for a mortgage, new research from Lloyds suggests. The study of more than 1,000 prospective first-time buyers found widespread confusion about what could prevent someone from getting a mortgage. More than half (58%) incorrectly…
Read more