Credit, Collections & Insolvency News
Latest figures from the Office for National Statistics (ONS) have shown that the UK economy grew in July, despite the impact of the Iran war. The data showed a 0.4 per cent increase in gross domestic product, compared with 0.3 per cent in June. The warm weather and World Cup were cited by some businesses…
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The latest British Chambers of Commerce (BCC) Economic Forecast suggests the outlook for the UK will remain uncertain. While the economy was more resilient in Q2 than expected, higher energy and business costs are likely to keep growth weak this year and next. GDP is anticipated to grow by 1% in 2026, which is only…
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Economic growth in the UK slowed during the second quarter from April to June, as the effects of the Iran war began to show, according to the Office for National Statistics (ONS). Gross Domestic Product (GDP), a measure of everything produced in the economy, grew by 0.4 per cent, down from 0.6 per cent in…
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Latest ONS data has shown that the UK consumer price inflation fell from 2.8% to 2.6% in the year to June, its lowest level since March 2025. The figure was below the 2.7% forecast and marked the third consecutive month in which inflation undershot expectations. Lower petrol and diesel prices, easing food inflation and clothing…
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The UK’s economy returned to growth of 0.1 per cent in May after contracting the previous month, according to data from the Office for National Statistics (ONS). In the three months to May, the economy grew by 0.7 per cent after previously slowing in the second quarter. Growth was driven by the services sector, which…
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The IoD Directors’ latest Economic Confidence Index, which measures business leader optimism over prospects for the UK economy, rose to -53 in May 2026 from -64 in April. Business leader confidence in their own organisations also rose, to +23 in May from +8 in April. This is the indicator’s highest reading since August 2024 (+23).…
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UK inflation remained at 3% in February, according to the latest data from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.4% in February 2026, the same rate as in February 2025. Clothing made the largest upward contribution to the monthly change to CPI annual rates; motor fuels made the…
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The economy showed no growth in January, according to the Office for National Statistics (ONS). The ongoing Middle East crisis has driven up energy prices, raising inflation concerns and diminishing hopes for an interest rate cut from the Bank of England. Chancellor Rachel Reeves is expected to outline Labour’s economic strategy amid calls for an…
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The UK economy grew by just 0.1% in the final quarter of 2025, according to the Office for National Statistics (ONS), matching the rate recorded in Quarter 3 (Q3). Analysis of the data shows that Q4 marked the first time in over two years that the services sector showed no growth. Manufacturing provided a slight…
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The Resolution Foundation has warned that 2026 could be a turning point for UK productivity, but expects short-term pain from the collapse of struggling ‘zombie’ firms. Rising interest rates, energy costs, and higher minimum wages are likely to force inefficient businesses to exit the market, creating opportunities for more productive replacements. The Foundation says that…
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A KPMG survey has found that two-thirds of people believe the economy is worsening. Despite almost no change in how households feel about their own finances throughout the past year, 2025 saw a steep decline in sentiment towards the economy. Entering 2026, the majority of people (56%) feel secure in their personal finances, a 1%…
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The UK economy unexpectedly contracted by 0.1% in October, data from the Office for National Statistics (ONS) shows, matching the 0.1% decline recorded in September. Economists had anticipated growth of 0.1%. Quarter-on-quarter, the economy shrank by 0.1% in three months to October, primarily due to a decline in manufacturing and stalled services growth. Production output…
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The UK economy grew by 0.1 per cent in August, according lates to the Office for National Statistics (ONS) data, after contracting by 0.1 per cent in July. The data comes ahead of the Budget next month and new forecasts by the Institute for Fiscal Studies (IFS) which have said that the Chancellor Rachel Reeves…
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