Credit, Collections & Insolvency News
Shop price inflation accelerated to 1.5% in August from 0.9% in July, reaching its highest level in two years, according to British Retail Consortium figures. The data shoed that food inflation rose to 2.8% from 2.2%, with ambient food prices climbing 2.5% as higher energy, commodity and input costs increasingly filtered through supply chains. Fresh…
Read more
Households will have suffered a £2,400 financial hit, on average, from the Iran war by the end of 2027 according to new analysis by the Centre for Economics and Business Research (CEBR) calculating that there has been jump in inflation since the conflict began, and weaker wage growth, will knock £1,100 off the real income…
Read more
The IoD Directors’ Economic Confidence Index, which measures business leaders’ optimism about the UK economy’s prospects, rose to -49 in August, from -63 in July 2026. Conversely, business leaders became slightly less optimistic about the prospects for their own organisations, with confidence falling to -5, from -2 in July. Most of the survey’s underlying indicators…
Read more
Credit management firm Intrum UK has announced that it has appointed Phil McGilvray as its new Managing Director (MD). McGilvray has a career in financial services leadership spanning more than 25 years. He will take the UK business into its next stage of development as the company expands its market-leading financial services offering. McGilvray was…
Read more