New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in November 2020 by 16% compared with the same month in 2019, and remained 18% lower in the eleven months to November 2020 than in the same period in 2019. The retail store and online credit sector reported…

The Government has extended the eviction ban, which was due to end on Monday 11th January (today),  The Government says that renters will continue to be supported during the new national restrictions, with an extension to the ban on bailiff evictions for all but the most egregious cases for at least 6 weeks –until at least…

Almost 30,000 job losses were recorded across restaurants and casual dining firms in 2020, with the coronavirus crisis driving a 163% jump in job cuts as restrictions designed to fight the spread of the virus hit the sector according to new figures compiled by The Centre for Retail Research. The research highlighted major closure proposals…

Half a million private renters in the UK are behind on their rent, with protections against eviction due to expire this weekend, according to new analysis by Citizens Advice. The charity has warned that the news comes as the country enters another period of national lockdown, causing further economic hardship. Renters have already been badly…

Research from global information and insights provider TransUnion has shown consumer optimism improving as the second national lockdown came to an end. Four in ten (42%) UK households are now somewhat optimistic about their financial future, up from 34% a month earlier. The number of households reporting a negative financial impact also shows a slight…

The Government has announced that the furlough scheme will been extended until the end of April 2021, meaning that the Government will continue to contribute 80% towards wages. The Government says that it has made the move to ensure firms can access the support they need through continuing economic disruption. So far, the Coronavirus Job…

Total debit and credit card spending in the UK fell slightly in September, with 4.2 per cent fewer transactions than in August, as tougher Covid-19 measures were introduced according to new analysis by UK Finance Card spending data also revealed that the proportion of contactless payments continued to increase in September to reach its highest…

New survey results from debt  PayPlan have found that during a year where two-thirds saw an income drop due to Covid-19, the majority of parents are worrying about how they will feed their children and far too many are going without food themselves. A lack of income forced 55% of people to cut back on…

The number of people experiencing destitution increased by more than 50% to 2.4m between 2017 and 2019, according to the Joseph Rowntree Foundation (JRF), which is calling for the Government to make permanent and extend a £20 uplift to the basic rate of benefits, along with other reforms to make the welfare system more generous.…

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