Credit, Collections & Insolvency News
The Government has announced that it is investing £121 million in quantum technology to tackle crime, fraud, and money laundering. The technology will be used to tackle the first signs of fraud and halting money laundering which could save billions for the economy. The funding is being made available over the next year to expand…
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After a tough Budget and Spring Statement for low-to-middle income households, the Government’s Spending Review could brighten a bleak living standards outlook by prioritising spending on services they use the most, according to new research by the Resolution Foundation. The research notes that public services are crucial for quality of life, providing ‘in-kind’ benefits worth…
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New research by Shawbrook has found that only four in ten (40%) feel that SMEs are a high priority to the current Government. The data also showed that 42% of SMEs in the UK feel the incoming NIC hikes are going to negatively impact them. A third (33%) said that the Autumn budget last year…
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A new All Party Parliamentary Group (APPG) report has criticised the Financial Conduct Authority’s (FCA) handling of issues affecting mortgage prisoners. Commenting in response to the report, Leon Diamond, CEO of LiveMore, said “As hard-hitting as the APPG report is, it is a stern reminder to the industry of how serious this issue is for…
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