Credit, Collections & Insolvency News
Yorkshire Building Society has announced that Elaine Bucknor has joined its Board as Non-Executive Director. Bucknor brings 30 years of experience in the technology sector, including the delivery of complex multinational programmes and innovative strategies to support organisational transformation and growth. She has held executive, operational and consultancy roles with leading companies in the telecommunications, media,…
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Latest Bank of England data showed that net borrowing of mortgage debt fell by £200 million month-on-month to £4.3 billion in August. This came after a £900m decrease to £4.5bn in July. Mortgage approvals fell last month as uncertainty hit one of the key indicators in the property market. Mortgage approvals for house purchases decreased…
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Optimism among businesses has declined sharply over the last month according to latest analysis by Lloyds Bank. After four months of elevated confidence, September saw a return to levels seen in the first part of the year. The latest Lloyds Business Barometer saw a reduction of 12 points in September, with confidence remaining above the…
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Latest data from Ofgem shows that energy suppliers are owed at least £4.43bn in energy debt. It is believed that this figure is likely to be significantly higher, as it only accounts for debt that has been outstanding for more than 91 days. The data from April to June (Quarter 2, 2025) shows that household…
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Almost three in four UK adults (72%) – the equivalent of 39 million people – admit they are losing sleep over money worries, according to new research from Nottingham Building Society. The biggest concerns are around savings; of those who say money worries keep them awake, a third (33%) worry that they are using up too much…
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A Covid fraudster who bought a house in Huddersfield using Bounce Back Loan funds has been jailed. Mohammed Rashidzadeh appointed solicitors to help him buy a three-bedroom semi-detached house in the Almondbury area of the town just two days after receiving the £50,000 loan in June 2020. The 34-year-old also attempted to strike his Cozy…
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Generation X, often described as the ‘forgotten generation,’ is heading towards retirement with worryingly low levels of preparedness, according to new research from PensionBee. The analysis found that savers over 50 have significantly smaller pension pots than they need, with women holding an average of £30,644 compared to £54,512 for men. This gulf highlights how…
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New analysis from the Joseph Rowntree Foundation (JRF) shows that the UK is on track for a decade of decline in families’ disposable incomes by the end of the parliament (September 2029). This comes after a decade of stagnant earnings growth following the financial crisis. By updating the March 2025 Office for Budget Responsibility (OBR)…
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New analysis by Barclays has shown that, if UK small and medium-sized enterprises (SMEs) were to invest at rates in line with larger companies, £60 billion of new investment could be unleashed per year into the UK economy. In 2024, UK business investment reached a record level, and in the first half of 2025, business…
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Risks to financial resilience are among the pressing issues facing the charity sector in 2025, according to new analysis from the Charity Commission. The regulator has drawn on a range of data and intelligence available to it, including information from annual returns, serious incident reports and casework, in publishing its first ever annual Charity Sector Risk…
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The Centre for Finance, Innovation and Technology (CFIT) has announced three senior appointments to its Board, with Chris Pond joining as Non-Executive Chair and Nausicaa Delfas and Vivienne Artz as independent Non-Executive Directors. Pond has held a range of senior roles across financial services, academia and politics. A former MP and Work and Pensions Minister…
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New research by Citizens Advice has found that millions of loyal mobile and broadband customers are being forced to jump through hoops to avoid being ripped off on their bills – simply because mobile phone and broadband providers aren’t being upfront with better renewal deals. The research showed that instead of automatically offering existing customers their…
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Nationwide has announced it has appointed Damian Thompson as its new Director of Mortgage Intermediaries and Partnerships (from 1st October 2025). Thompson, who has led The Mortgage Works as Commercial Director of Landlord since the start of 2023, will move to a new role with responsibility for leading and driving forward the Nationwide Group’s intermediary…
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