Credit, Collections & Insolvency News
Gen Z are being forced to go hungry as food costs soar, with almost one in three skipping meals or eating less – nearly three times the rate of 35–44-year-olds according to research from the cashback app Tuck. The study of 3,291 UK consumers found that 33% of Gen Z shoppers have started skipping meals or…
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New research from StepChange Debt Charity has revealed growing concern about household finances, with millions of people worried about how they will cope as energy costs are expected to rise ahead of winter. The data shows that two in five (41%) British adults, equivalent to around 22 million people, expect their finances to worsen over…
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Latest figures from Energy UK show that domestic customer energy debt is likely to have hit a record £6 billion in the first half of this year and – with the price cap for October expected to be at a three year high which see energy debt reach £7 billion by the end of 2026. Energy UK had already warned about the growing debt problem earlier this year in a report, which revealed that the…
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Families could be spending over £15,500 on hidden costs including school clubs, uniforms and trips over a child’s school career, according to new Nationwide research. School clubs account for the biggest share of that cost, with parents spending an average of £700 each year on clubs and associated costs, almost twice as much as uniform…
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Prime Minister (PM) Andy Burnham’s early cost-of-living measures may have given households some immediate relief. Still, nearly two-thirds of UK consumers (63%) are concerned that the Government’s recently announced policies could ultimately leave their household worse off, according to new research from Novuna Personal Finance. The findings come after the Government decided to remove VAT…
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New research from Nationwide has revealed the biggest mistakes made by today’s students at university – with money worries topping the list far more than they did for previous generations. Notably, current students are significantly more likely than parents to regret financial mistakes made, not budgeting or tracking spending (20%), and overspending (18%) – a…
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Latest data from UK Finance has found that residential and buy-to-let mortgage arrears and possessions fell in Q2 2026. A total of 1,150 homeowner mortgaged properties were taken into possession, an 8% fall from the previous quarter and a 14% decrease compared with the same period a year earlier. There were 630 buy-to-let mortgaged properties…
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Prime Minister Andy Burnham has outlined a series of measures to tackle the cost-of-living challenges. The plan includes a ban on fake discounts and making it easier for people to opt out of unwanted subscriptions. Responding to the plans, Dame Clare Moriarty, Chief Executive of Citizens Advice, said “For too long consumers have been tricked…
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New polling from StepChange Debt Charity reveals that almost one in six (15%) of adults, equivalent to more than 8 million people, find keeping up with their credit card repayments a very or fairly large burden each month, highlighting the growing challenge of credit card debt across the UK. The research, conducted by YouGov on…
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The cost of a traditional funeral has risen by £90 in just three months and by £151 since the start of the year, according to new data from Pure Cremation. The research found that the average traditional funeral now costs £4,713, a rise of 1.95% between July and April 2026 and 3.3% since January. The…
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GfK’s consumer-confidence indicator rose to -17 in July, returning to levels last seen in January. All measures tracked by the survey improved, including expectations for the general economy and intentions to make major purchases. The World Cup and the Prime Minister’s promises of help with living costs appear to have improved the national mood. However,…
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Financial resilience among the UK workforce has deteriorated over the last 12 months, with just one in four (25%) of people being classified as financially resilient compared to almost a third (32%) in 2025, according to Hymans Robertson. Meanwhile, those classed as financially vulnerable have risen to 42% compared to 36% in 2025. The drop…
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Holiday childcare costs across Great Britain have risen by 5% in the last year, leaving working parents facing an average bill of £191 per child per week – or £1,145 for the six-week summer holiday according to Coram Family and Childcare research. The survey finds that holiday childcare continues to cost almost three times as much as after-school childcare during…
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