Credit, Collections & Insolvency News
Research from MoneySuperMarket estimates that households will spend an average of £1,681.12 on Christmas this year. That is equivalent to more than half (54%) of the estimated average monthly UK household income. The hefty sum includes £144.43 on groceries, £76.85 on festive drinks and £80.58 on travel expenses,showing how the cost of Christmas quickly adds…
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Chancellor John Healey has set out the Government’s spending plans in his Budget, the first since Andy Burnham became Prime Minister. One of the key announcements was that standing charges, fixed daily fees customers pay regardless of usage, are to be removed from household gas bills in England, Scotland and Wales, with costs added to…
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Latest official figures published by the Accountant in Bankruptcy (AiB) have shown that there were 2,348 personal insolvencies (bankruptcies and protected trust deeds) in 2026-27 Q2, an increase of 559 (31.2%) compared with 2025-26 Quarter 2 (Q2), covering July-September 2026. In the same Quarter there were 713 debtor applications for bankruptcy benefitted from the revised…
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Chancellor John Healey has announced his Autumn Budget plans. As part of a package to help business, Healey increased the point at which High Street shops in England start paying business rates from £12,000 to £18,000, with vape shops and adult gaming centres excluded from the relief. The Chancellor has also announced an increase to…
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