Credit, Collections & Insolvency News
More than half (54%) of UK businesses say AI has created new jobs, according to research from the Lloyds Business Barometer, as firms increasingly view AI adoption as central to growth, skills and competitiveness. 58% of businesses say they plan to increase investment in AI to upskill their workforce in the coming year. Of those…
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Three in ten small business owners (31%) say they are already using AI to support their enterprises – although 27% say they either have no plans to use it – and a further 21% don’t regard AI as relevant to their business, according to new research from Novuna Business Finance. Whilst some small businesses see…
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The Federation of Small Businesses (FSB) says that the AI Minister’s new cabinet role allows the Government to help small firms adopt the technology with confidence, FSB has a new report, days after Prime Minister Andy Burnham gave AI Minister Kanishka Narayan a seat at the Cabinet table. The report found that 59 per cent…
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Finance leaders have become progressively more optimistic about AI improving their own businesses’ performance, as 73% now report an improvement in AI optimism over the last 12 months, compared to 59% in Q4 2025 and 39% in Q3 2024. Nearly all CFOs (96%) expect to see a rise in investment in digital technology and assets…
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AI adoption is reaching an inflection point as businesses begin to see more tangible returns, according to the latest Dun & Bradstreet AI Momentum Index. In the UK, businesses are moving particularly quickly, with 75% now scaling or operationalising AI, compared with 56% globally. The findings suggest AI is moving beyond experimentation and into more…
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Garfield AI (Garfield), the world’s first AI-powered law firm authorised and regulated by the Solicitors Regulation Authority, has helped a freelancer win a small debt claim at trial. This marks the first court trial won with the support of a regulated AI lawyer anywhere in the world. The win is a landmark moment for legal…
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More than half of UK businesses plan to increase investment in AI over the next year, according to a Barclays survey of 900,000 firms. The report found that 68% of companies plan to invest in cybersecurity, while 54% expect overall investment to grow. Six in ten firms are already using AI agents to improve productivity…
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Mid-market businesses are feeling overwhelmingly optimistic when it comes to their near-term investment in artificial intelligence (AI), according to new research from BDO, the accountancy and business advisory firm. The bi-monthly survey of 500 mid-market businesses revealed that the majority (97%) said they expect to see a return on their investment in AI within the…
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More than half (55.8%) of failed payment transactions among UK SMEs are never recovered, according to new research by Access PaySuite. The survey of 250 UK SME finance and payments decision-makers found that 3.4% of transactions fail on average. Nearly 50% of SMEs experience checkout abandonment, with an average rate of 7.8%. Whilst almost one…
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New research from Paragon Bank has shown that SMEs are rapidly adopting Artificial Intelligence (AI), with half of businesses (50%) saying they are likely to replace some staff roles with AI or other technology‑based solutions. One in four (24%) SME leaders have no plans to reduce headcount through AI, while the remainder remain uncertain about…
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Deloitte’s latest survey of UK Chief Financial Officers (CFOs) shows that 59% of the UK’s largest businesses have become more optimistic over the past 12 months on the potential for AI to boost the performance of their own organisation – up from 39% when last measured in the third quarter of 2024. CFOs overwhelmingly (96%)…
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Nine in ten businesses (89 %) are looking to solve business problems with AI (Artificial Intelligence) over the next two years, with improving data analysis, forecasting or business intelligence, enhancing customer experience and reducing operational costs cited as the main opportunities according to new research by Barclays. Over the past year, businesses have already invested, on…
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The Trades Union Congress (TUC) has reported that over half of adults fear artificial intelligence (AI) may threaten their jobs. A recent survey revealed that 51% of working adults are anxious about AI’s impact, with concerns peaking among younger workers aged 25 to 34, where 62% expressed worry. The union body says AI technologies can…
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