2nd November 2026 - Credit Connect

Council tax arrears rising by £1,500 every minute

2nd November 2026 Consumer Collections | #council tax #featured

Analysis by the Centre for Social Justice (CSJ) has found that council tax arrears rose by almost £1,500 every minute last year as ministers face calls to stop struggling households being pushed deeper into problem debt. The data showed that unpaid council tax in England increased by £782 million in 2025/26, taking the total outstanding…

Record 738,000 businesses in ‘significant’ financial distress

2nd November 2026 Commercial Collections and Recoveries | #business distress #business risk #featured main

Latest Red Flag Alert research from BTG has revealed that the number of UK businesses in ‘significant’ financial distress increased by 1.6% year-on-year to a record 738,144 in Q3 2026 and the highest level since the research began in 2004. The findings indicate the extent of the financial pressures facing businesses. BTG’s latest research also…

Duo sentenced after stealing £187,000 from One-Time passcode fraud

2nd November 2026 Consumer Lending | #fraud pin

Two men from Leicester who committed over £187,000 worth of fraud have been sentenced at Inner London Crown Court. The duo also exposed victims to a further £300,000 in attempted losses, which were flagged and stopped by banking systems. The sentencing follows an investigation and arrest by a specialist banking industry-sponsored police unit, the Dedicated…

Economic confidence unchanged after Budget

2nd November 2026 Commercial Credit Management | #economic confidence #featured

The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, rose to -45 in October 2026 in the run-up to the Budget, from -54 in September, the highest the index has been since May 2025. The Chancellor’s Budget did not have a significant impact on the headline index.…

Opus Advisory acquires Bretts Business Recovery

2nd November 2026 Business | #featured #merger

Opus Advisory Group, the UK’s largest independently owned restructuring and advisory firm, has announced the acquisition of Bretts Business Recovery, an established insolvency practice based in Dartford, Kent. Founded in 2012, Brett Business Recovery has built a strong reputation for providing insolvency and business recovery advice to businesses across the region. The acquisition will see…

Pressure mounts on retail, real estate and education sectors as insolvency levels increase

2nd November 2026 Business | #featured #insolvency rise

Insolvency-related activity rose across several key sectors in the third quarter of 2026, highlighting uneven pressure on businesses, according to R3’s latest quarterly Business Health report. This is despite overall levels of distress remaining largely stable. The report, based on Creditsafe data, found there were 6,939 insolvency-related activities in Q3 2026, including administrations and voluntary…

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