Latest Barclaycard data has revealed that spending fell by 7.2 per cent in March compared with the same month in 2019,  as the lockdown continued. However, spending on hotels, resorts and accommodation, as well as entertainment, showed early signs of improvement as consumers began to make plans for when restrictions are lifted. The report also…

New research by Hitachi Capital Business Finance has found that small business growth forecasts have returned to pre-Covid levels – with London, the South East and Yorkshire driving resurgent small business confidence for the next three months. The research is part of the findings from the company’s quarterly Business Barometer which also revealed that the…

As businesses reopen their doors today (Monday 12th April),  research from Nucleus Commercial Finance has revealed that a quarter (25%) of SME leaders feel optimistic about reopening and a similar amount (24%) feel motivated. Nucleus says that driving this wave of optimism is the chance to reconnect with customers for a third (32%), a similar…

Latest figures from the Centre for Retail Research figures have shown that almost 190,000 jobs have been lost in the retail sector since shops were forced to close under the first coronavirus lockdown in March 2020. The analysis shows that between 23rd March last year and 31st March this year, that 188,685 retail jobs have…

A year on from the start of the pandemic, new research from StepChange Debt Charity has revealed that nearly a quarter (23%) of the 1.6m people who’ve accessed credit payment deferrals have subsequently missed repayments, while half (50%) say they have resumed repayments but with difficulty. Since last week people struggling financially as a result…

The latest Lloyds Business Barometer shows that the vaccine rollout has helped drive business confidence to its highest point in a year. The analysis shows that overall UK business confidence rose for a second consecutive month in March. Firms’ confidence increased by 13 points to 15%, the highest reading since February 2020, before coronavirus was…

Here is an overview of The Money Charity’s latest statistics for March 2021 Personal debt in the UK People in the UK owed £1,700.2 billion at the end of January 2021. The average total debt per household, including mortgages, was £60,999 and per adult was £32,087, around 107.6% of average earnings. Net mortgage lending rose by…

A new report from the insurance provider Simply Business suggests the cost of the coronavirus pandemic to SMEs is set to exceed £126.6 billion, nearly double the £69 billion initially projected a year ago. The study revealed that on average, SMEs have lost £15,673 each so far in earnings due to the pandemic and subsequent…

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