The rapid adoption of new digital skills and technology by small and medium-sized businesses (SMBs) during lockdown could lead to an additional £4.1 billion in UK GDP1 each year over the long-term, according to new analysis developed by financial management software provider Intuit QuickBooks and Oxford Economics. The findings come three months after The Digital…

The number of County Court Judgments (CCJs) issued against consumers in the first half of 2020 (HY1 2020) was 320,494 compared to 587,433, a fall of 45 percent compared to the same period last year according to figures released by Registry Trust. This is the lowest number of records registered in the first half of…

Credit Connect Media is set to launch a series of online digital discussion platforms focusing on technological and innovation developments and strategies within credit and collections Starting in August Credit Connect will launch its new 45 minutes news round-up series discussions with monthly guests analysing the industry developments in an ever-changing world. Titled ‘Connected News‘…

Universal Credit is ‘failing millions of people’ especially the vulnerable, according to a new report from the Lords’ Economic Affairs Committee which said it agreed with the government’s aim for the scheme to bring together multiple benefits into one payment. The Committee proposals for reform’, which calls on the Government to make substantial changes to…

One in three consumers (35%) have checked their credit score during lockdown, with four million people looking at it for the first time according to latest research from TransUnion The research has revealed that this increased interest is due to people having more time (33%), with many on reduced working hours, combined with concerns about…

The Bank of England’s latest money statistics has indicated that despite an increase in mortgage borrowing there was still a significant net decline in consumer credit. The statistics indicate that the amount consumers owed on credit cards and loans fell by a record amount over the last 12 months. A slump in borrowing and spending…

Small business expectations of future performance are increasingly polarised, according to the latest quarterly SBI from Federation of Small Business (FSB), which shows that a sizeable share of firms have already had to let staff go. Over a fifth (23%) of the 1,400 business owners surveyed for the study expect their performance to be “much…

People suffering financial, health or emotional problems should be treated fairly and given the right support by phone, broadband and pay-TV providers, under best practice industry guidance issued by communications regulator Ofcom. The regulator says that the coronavirus pandemic has increased the potential for customers’ circumstances to change suddenly and providers are already offering additional…

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