Credit, Collections & Insolvency News
The Bank of England has announced that it has held interest rates at 3.75% with the Monetary Policy Committee (MPC) voting unanimously to keep interest rates on hold. The Bank says that a “shock to the economy” sparked by the war in the Middle East could push inflation as high as 3.5% later this yeart,…
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Barclays has published new policy recommendations urging the UK government to take further action to support the nation’s exporters, particularly smaller businesses. The analysis draws on proprietary data covering current and potential future exporters, alongside the bank’s own in‑house expertise and long-standing experience supporting UK firms trading internationally. This work comes at a time when…
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New global payment data analysis from Sidetrade is showing that late payments now account for 37% of the payment cycle. The data shows that businesses took an average of 51 days to get paid in 2025, composed of 32 days of contractual payment terms and 19 days of payment delay.The data indicates that short commercial…
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The gap between the UK’s wealthiest and poorest consumers is widening, according to a survey of 20,000 European and 1000 UK consumers by credit management group Intrum. The European Consumer Payment Report is an annual survey across 20 countries found only 48 per cent of the UK’s low-income consumers are confident they can pay all of their…
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The UK government may be celebrating favourable tariffs with the USA and new trade deals with countries outside the EU, but the vast majority of UK small businesses are now focused on the domestic British market to secure growth over the next 12-months, according to new research from Novuna Business Finance. The nationally representative survey…
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Extreme currency fluctuations have caused SMEs to face substantial losses and are compelling businesses to change their FX strategy, according to data from independent SME funder, Bibby Financial Services (BFS). 54 per cent of SMEs surveyed say they’ve been stung by volatile exchange rates in the past year, losing over £53,000 on average as a result.…
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The UK could see higher than expected growth due to trade deals agreed with the US and the European Union, with KPMG predicting that growth could hit 1.2% in 2025 as trade agreements lower uncertainty. The UK economic outlook could brighten over the next two years as the economy stands to benefit from easing trade…
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Small importers have warned that reciprocal tariffs on the US market would ‘wreck’ their business plans, research by the Federation of Small Businesses (FSB) shows. The UK’s largest business group has today published data showing that one in three (33%) would scale back orders if the UK Government struck back and taxed goods headed from the US…
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A new report by European debt collection specialist Intrum has highlighted that without improved economic conditions, up to 10 million European businesses face potential closure within two years, threatening up to 40 million jobs. Late payments are a key driver of this risk, draining liquidity and limiting SMEs’ ability to invest and grow. In the…
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The British Chambers of Commerce (BCC) has warned that a 10% tariff on goods exported to the US will hit UK traders, with two in five businesses which export to the US saying they will suffer a ‘significant negative impact’ from charges. Around a third of British businesses exposed to tariffs are planning to raise…
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A snap poll of 562 Institute of Directors members following President Trump’s tariffs announcement has found that over a third (37%) of business leaders expect to be impacted by the tariffs and of those, over two-thirds (70%) expect their profits to decrease as a result. In response to the tariffs, 35% of members will be…
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President Donald Trump has set out plans for new import taxes on all goods entering the US, with a baseline tariff on all imports of at least 10% and higher rates for countries that the White House described as the ‘worst offenders.’ While goods from the UK are set to face a new 10% tariff,…
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The Organisation for Economic Co-operation and Development (OECD) expects the UK economy to grow at a slower pace this year than it had previously forecast. However, it has upgraded its growth forecast for next year. The think-tank expects 0.9% growth this year, down from 1.1%, while 2025 is forecast to see growth of 1.7%, up…
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