Credit, Collections & Insolvency News
UK business activity reached its highest level since January 2025 in August, according to the latest report from accountancy and advisory firm BDO. BDO’s Output Index rose to 98.37 as resilient services activity continued to support growth despite ongoing geopolitical and inflationary pressures. Business optimism also improved markedly in August to 94.22, marking the highest…
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Chancellor John Healey has set out his plan to drive growth in the UK. Speaking at the Manufacturing Technology Centre in Coventry, the Chancellor laid out how he will take an axe to delays holding back growth, from backing British business and giving local leaders more power, to clearing away the delays that hold back…
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New research by Sidetrade has found that US businesses wait an average of 25 days beyond agreed terms to be paid, whilst UK businesses wait 22 days. Across more than US$3.6 trillion in US B2B transactions, businesses are paid in 54 days on average against 29-day terms. Across more than $930 billion in the UK,…
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Secure Trust Bank Business Finance (STB BF) has appointed experienced lending specialist Nick Leitch as head of asset-based lending (ABL), further strengthening its growth ambitions across the UK mid-market. With over 30 years’ experience in financial services, Nick has worked across consumer lending, restructuring, debt advisory, private equity, ABL, and leveraged finance, with a focus…
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Time Finance has announced that it has strengthened its Operations team with the appointment of Sarah MacInnes as a new Relationship Manager. With over 25 years’ experience in the industry, MacInnes started her career at Lloyds Bank as a Credit Controller and worked her way up to the position of Client Manager, which she held for 10…
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Major lenders have raised mortgage rates to catch up with recent rises in swap rates, according to the latest Moneyfactscompare.co.uk analysis. Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start of…
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The Department for Environment, Food & Rural Affairs (Defra) must work more closely with households, communities and industry to ensure the food supply chain can withstand increasingly likely and severe shocks, including extreme weather events, cyber-attacks and disease outbreaks, according to a new National Audit Office (NAO) report. The Government has designated food as one…
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Newly commissioned research from TopCashback has revealed that more than a quarter (27%) of adults view September as a bigger money reset than January. In fact, a third (32%) of UK adults believe September is the perfect time to get their finances back on track. However, despite the desire to reset, the findings reveal a…
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Hampshire Trust Bank (HTB) has appointed Dan Fyffe as Lending Director within its Development Finance team, where he will support brokers and SME developers across the South. Reporting to Rob Syrett, Head of Originations, Development Finance, Fyffe brings more than 20 years of banking experience to the role, including 17 years specialising in property and development…
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New research from Aqua has revealed that almost two in five people (38.8%) typically run out of money before their next payday, while more than a quarter have money left over 28.2% of people have some money left over before their next payday, while 22.8% say their money usually lasts until payday. However, 38.8% find themselves…
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High street footfall fell over the summer as unusually hot weather discouraged consumers from shopping. British Retail Consortium figures show shopper numbers declined 3.1% year-on-year in August, following a 3.8% fall in July. The weakness adds to pressures on retailers already facing higher taxes, rising operating costs and subdued consumer demand. Total footfall decreased by…
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New research from PwC highlights the disparity in household spending power across the UK, with some neighbouring towns and local authorities having significant gaps in disposable income. The research shows the scale of the North-South divide in household spending power, with every northern region of England falling below the UK average while households in London…
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Parents and guardians face a request to spend money on their child’s school life more than once a fortnight, costing them nearly £500 a year, according to research from savings app Spring. The study found that families receive an average of 21 requests for school-related spending or contributions during each 38 week academic year. These…
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