Credit, Collections & Insolvency News
Working parents’ confidence in the future UK economy and their future and current household finances has plummeted ahead of the start of the new school year according to Which?’s latest consumer insight tracker. In the month to 13th August, working age parents’ confidence in the future UK economy fell dramatically by 25 points from a…
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New research from AllClear has revealed that over half of parents (56%) have received financial help from grandparents for family holidays, while 54% say they’ve even footed the entire bill. With the rising cost of living in the UK, grandparents appear to be playing a bigger role than ever before, with many stepping in to…
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Three in four people (75%) say that summer holidays are increasingly becoming a luxury that only some can afford, according to research by Compare the Market with over half (56%) of those intending to take a summer holiday this year concerned about the financial cost. More than one in four (28%) also admitted they felt…
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New research from HSBC has revealed that while consumers are actively cutting back on subscription services, many are still losing money to ‘invisible spending’ – particularly through automatic payments they forget to cancel. The survey of 2,000 UK adults, released as part of HSBC Invisible Spending campaign, found that people are saving an average of…
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Consumers are more confident this month but are vulnerable to worries about rising inflation and potential tax increases, according to GfK’s latest consumer confidence index. The index rose to its highest since December at minus 17, up from minus 19 in July, boosted by a three-point improvement in households’ sentiment around their personal finances and…
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CPI inflation jumped 0.2 percentage points to reach 3.8 per cent in July. Worryingly, the rise was driven by the higher cost of essentials with faster price rises for energy (rising from 4.5 per cent in June to 8 per cent in July), petrol (up by 2p per litre in July) and food (4.5 per…
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Consumer confidence in the future UK economy has plummeted over the last year according to Which?’s Consumer Insight Tracker. According to the tracker, consumer confidence has tumbled by 31 points over the last year, from an average of -9 between May and July 2024 to an average of -40 between May and July 2025. This…
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Summer 2025 is proving even tougher for families, with 81% of parents feeling financially stressed and 52% worse off than last summer, according to new research from credit-building business Loqbox. The data shows households feeling the squeeze, driven by pricier holidays, rising childcare costs, and mounting back-to-school expenses, with 52% feeling worse off than in…
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New data from TransUnion has revealed that more than two in five (43%) consumers are optimistic about their household finances over the next 12 months. The figure is up from 41% in Q1 2025 and is a significant increase from a low of 26% in Q3 2022. Gen Z showed the largest year-on-year (YoY) increase…
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Nationwide has become the first financial services provider to launch a free telephone benefits calculator service, helping people understand and claim the support they are entitled to. The ‘Better Off’ calculator, which will be able to be used by anyone, not just Nationwide customers, has been launched in partnership with social policy data experts, Policy in…
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A quarter (5.7 million) of the UK working age population don’t think they’ll ever be financially independent, according to Scottish Widows’ latest Retirement Report. The most commonly cited indicators for achieving financial independence included being debt-free (56%), having sufficient emergency savings (51%) and comfortably meeting daily expenses (43%). Looking at financial resilience, the data published by…
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New research from HSBC has revealed that three in four people (75%) consider financial compatibility essential. The nationwide survey of 2,000 adults explored how modern couples navigate finances – from dating apps to wedding vows – and the pressures, expectations and unspoken rules that come with spending in relationships. The impact of this silence is clear, with 58%…
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Gen Z is rewriting the rule book when it comes to overspending – from fashion to frappés or the glow of ‘glass skin’ to bingeing on Stranger Things, new research from Nationwide reveals. The research highlights that younger generations are prepared to invest in feeling good, brand identity and self-care – even if it means…
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