Credit, Collections & Insolvency News
The IoD Directors’ Economic Confidence Index, which measures business leaders’ optimism in prospects for the UK economy, rose to -61 in August 2025 from -72 in July. The August reading of the Index takes us back to the sort of levels seen immediately after last year’s Budget, having dropped to its worst reading on record…
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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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Business confidence has risen two points to 54%, according to the latest Lloyds Business Barometer. The August reading marked the fourth consecutive monthly increase. Economic optimism edged down for the first time since April, with a fall of three points to 44%, but it remains above the long-term average of 19%. The increase was driven…
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The Trades Union Congress (TUC) has reported that over half of adults fear artificial intelligence (AI) may threaten their jobs. A recent survey revealed that 51% of working adults are anxious about AI’s impact, with concerns peaking among younger workers aged 25 to 34, where 62% expressed worry. The union body says AI technologies can…
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Business confidence in the UK’s services sector has significantly declined in the quarter to August, albeit at a somewhat slower pace, according to the latest CBI survey. Companies are facing profit squeezes due to rising costs and falling sales, leading to reduced hiring and investment. With average selling prices rising at a much slower pace…
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Latest Office of National Statistics (ONS) data has shown that household cost inflation was 3.9% in the year to June – up from 2.7% in the year to March. Lower earners were hit harder than higher earners – those in the second decile saw inflation of 4.1% and those in the ninth saw 3.8%, it…
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The UK banking sector faces significant job losses as banks invest heavily in artificial intelligence (AI). A report from Juniper Research and Zopa Bank indicates that 27,000 roles, or 10% of the workforce, are at risk by 2030. The industry plans to invest £1.8 billion in generative AI, aiming for productivity gains primarily in back…
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Consumers are being warned of fraudsters impersonating the Financial Conduct Authority (FCA), as the regulator revealed it has received almost 5,000 fake FCA scam reports in the first half of 2025. Scammers aim to steal money by getting people to hand over funds or sensitive information, such as bank account PINs and passwords. There have…
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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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Computershare Loan Services and The Deposit Protection (The DPS) Charity Fund has donated £40,000 to help support homeless young people in the UK. This is the fifth annual donation in a row to national homeless charity Depaul UK, bringing the total value of donations since 2020 to £200,000. The charity said the donations help it to deliver…
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Gas and electricity prices will rise by 2% for millions of households under the latest cap announced by energy regulator Ofgem. The energy price cap will rise by £35 per year for a typical household from October. While the rise is small, it underscores the fact that energy costs remain stubbornly high. With energy debt…
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The Night Time Industries Association (NTIA) has reported that over 800 late-night venues have closed since 2020, marking a 26.4% decline in the sector leaving just 2,424 late night venues still operating. According to the research, compiled by the NTIA and CGA by NIQ, losses have stepped up over the past three months with three…
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Since the financial crisis of 2008-9, 3.3 million prospective homeowners have missed out on the opportunity to own a home according to new research by leading Pepper Money. The research indicates that if pre-crash financial trends continued, then this would have enabled 3.3 million more households to geton the property ladder. The findings come in…
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