Credit, Collections & Insolvency News
Latest British Retail Consortium (BRC) data has shown that footfall in the UK has risen for the first time in more than a year, climbing 3.3% in September. Total footfall increased by 3.3% in September (YoY), up from -0.4% in August. High Street footfall increased by 0.9% in September (YoY), up from -0.3% in August. Retail Park footfall increased by 7.3% in September…
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According to a recent report by FGS Global, British business leaders are increasingly concerned about the impact of cyber-attacks, with 85% of firms experiencing a crisis in the past year. The report reveals that business leaders across Britain, including top executives from EY and JD Sports, are concerned about cybersecurity. This concern comes after a…
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The Social Market Foundation (SMF) has called for a united international effort to combat fraud, which has cost the UK economy approximately £16bn between 2021 and 2023. The report highlights that 21% of adults globally have fallen victim to fraud in the past three years, with £168bn lost to fraudsters worldwide. Including the wider social…
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Small businesses in England and Wales are facing a near 30% increase in water bills by 2030, as water suppliers are accused of passing on the costs of ‘historic errors’ made by industry leaders. Water industry regulator, Ofwat anticipates average wholesale charges for non-household customers, including small firms and charities, to rise by approximately 27%…
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British business confidence experienced a slight decline in September, falling by 3 percentage points to +47%, its lowest for three months according to the latest survey from Lloyds Bank. Confidence dipped to a three-month low in September. Business confidence remained higher than the long-term average of 29%. The dip followed a period of sustained positivity…
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The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy continued to fall in September to -38, from -12 in August 2024. This is the lowest result that the Index has registered since December 2022 (-58). Business leader confidence in their own organisations also fell from to +23…
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Time Finance has announced the appointment of Jess Wilkinson as an Area Sales Manager in its Vendor Finance team. Wilkinson joins the leading independent finance provider with over 15 years of experience in the financial services industry. Her previous roles include Relationship Manager and Business Development Manager at Lombard Asset Finance, as well as also…
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Latest British Retail Consortium (BRC) figures have shown that consumer confidence has fallen. The data shows that consumers feel that their personal financial situation has worsened to -6 in September, down from +1 in August. The State of the economy worsened significantly to -21 in September, down from -8 in August whilst personal spending on…
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Optimism among UK SMEs has grown for a third consecutive year, according to a poll by American Express. The survey saw found that seven in ten SMEs say they feel confident about the future of their company, up from 67% in 2023 and 65% in 2022. The poll also found that almost three quarters say…
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The latest asset finance industry index, released by Acquis, has revealed that the value of new equipment finance deals in the UK during the first half of 2024 has seen a 14% decrease on the same period in 2023. The latest instalment of the Index has also revealed that lease inceptions for the first half…
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The Government has confirmed that it is launching new measures to support small businesses and the self-employed by tackling the scourge of late payments, which according to the Smart Data Foundry is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year according to Intuit QuickBooks, The government will…
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A new Government consultation will investigate introducing regulations in the energy retail market to protect consumers and businesses from unregulated rogue energy brokers Energy brokers and price comparison websites will be among those set to be held to account by a new regulatory regime, to provide better protections and save money for consumers and businesses. These…
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A global survey of 79,000 businesses conducted by the Peninsula Group, parent company of BrightHR, has found that although small business owners are optimistic about the potential of Artificial Intelligence (AI), with one in three believing it has the potential to positively transform the workplace, only one in ten are regularly using it. The results…
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