Credit, Collections & Insolvency News
New research from TransUnion UK has revealed that over eight million people are using Buy Now Pay Later (BNPL) for items under £50, whilst 4% put purchases under £25 on this short-term credit. Over a quarter (26%) of people now prefer to use BNPL over credit cards for everyday spending, with 18 to 24-year-olds (20%)…
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Uswitch research has found that 60% of consumers say they have been dissuaded from shopping at small businesses due to the perceived extra expense. The ‘cost of living crisis has meant the prices for many essential goods in the United Kingdom have been increasing faster than household incomes. It has been wreaking havoc with many…
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Retail sales in the UK have declined for the third consecutive month in August, although the rate of decline has eased, according to the Confederation of British Industry’s (CBI) latest Distributive Trades Survey. Retailers reported “poor” sales volumes and anticipate a continued decline in September, albeit at a slower pace. As a result, many retailers…
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Latest data from the British Retail Consortium has revealed that a footfall decreased by 7.2% in April (YoY), down from -1.3% in March with high Street footfall decreasing by 6.9% in April (YoY), down from -1.5% in March. Retail Parks footfall decreased by 6.2% in April (YoY), down from -3.5% in March whilst Shopping Centre footfall increased by 7.2% in April (YoY), down from…
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