Credit, Collections & Insolvency News
Latest analysis by BDO of retail sales showed that December marked the worst set of total monthly sales figures since November 2024, with total like-for-like retail sales dropping by -1.4% in December. In-store sales fell by -0.5% and online sales by -0.6%, compared to December 2024, as sales volumes declined across channels. This follows disappointing…
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The Resolution Foundation has warned that 2026 could be a turning point for UK productivity, but expects short-term pain from the collapse of struggling ‘zombie’ firms. Rising interest rates, energy costs, and higher minimum wages are likely to force inefficient businesses to exit the market, creating opportunities for more productive replacements. The Foundation says that…
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New research from Novuna Business Finance has revealed a five-year peak in the percentage of small business owners (84%) who are starting 2026 with plans to invest in new growth initiatives to make their enterprises stronger for the year ahead Following a challenging trading period in 2025, during which the percentage of small business owners…
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The British Retail Consortium has warned that shop price inflation is likely to remain elevated into 2026 as retailers face ongoing labour, logistics and compliance costs. Latest data shows that shop price inflation picked up to 0.7% year on year in December, against growth of 0.6% in November. This is in line with the 3-month…
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The IoD (Institute of Directors) Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, ticked up to -66 in December 2025 from the (pre-Budget) November level of -73. Once business leaders had a little more time to reflect on the impact of last year’s Budget on confidence in their…
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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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Business confidence in the UK has fallen, according to the British Chambers of Commerce (BCC), with only 46% (compared with 48% in Q3) of companies expecting increased sales this year and 24% saying they expect to see a decline in turnover. The survey saw 63% of firms polled cite tax rises as their primary concern,…
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Latest data from the Office of National Statistics(ONS) has shown that inflation fell by more than expected in November amid a slowdown in food prices. Annualised inflation came in at 3.2% in November, down from the 3.6% reported in October Commenting on the inflation figures for November, ONS Chief Economist Grant Fitzner said “Inflation fell notably in November…
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The British Retail Consortium (BRC) has published its annual BRC Payments Survey, which shows how people make payments in 2024. This year’s survey reveals a significant decline in credit card use, from 14.2% of transactions to 12.6%. With higher interest rates making credit cards a more expensive way to shop, consumers turned to debit cards, where…
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The UK economy unexpectedly contracted by 0.1% in October, data from the Office for National Statistics (ONS) shows, matching the 0.1% decline recorded in September. Economists had anticipated growth of 0.1%. Quarter-on-quarter, the economy shrank by 0.1% in three months to October, primarily due to a decline in manufacturing and stalled services growth. Production output…
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The UK economy is expected to grow by 1.4% in 2025, revised slightly up from the previous forecast of 1.3%, driven by strong public spending. However, GDP is expected to slow to 1.2% in 2026, before rising to 1.5% in 2027 – unchanged from the previous forecast, because of productivity challenges and cautious fiscal tightening.…
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Asset finance is expected to see the strongest demand for SME funding over the next 12 months, commercial finance brokers have told SME funding provider Asset Advantage. In the latest survey, 72% of commercial brokers said asset finance will be driving business funding demand in the coming year. Brokers also anticipate significant interest and demand…
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Hospitality leaders say the Budget has failed to deliver real business rates reform, leaving pubs and hotels facing steep increases in their rateable values—some of which could rise fivefold by 2029. They warn this will accelerate closures and push more venues into distress, undermining communities and local economies The analysis from UKHospitality reveals that small…
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