11th December 2017

OECD praises UK for killing off ‘Zombie Firms’

The Organisation for Economic Co-operation and Development (OECD) has praised the UK’s streamlined insolvency system, saying that other countries should follow Britain’s lead in killing off living dead companies. In a paper focused on productivity […]
4th December 2017
RBS debt unit failed small business clients

RBS debt unit failed small business clients

The Royal Bank of Scotland’s specialist debt unit failed 90% of small businesses that were referred to it, according to the Financial Conduct Authority. The bank, which is 70% owned by the taxpayer, was forced […]
24th November 2017
What to watch out for on Black Friday

What to watch out for on Black Friday

Black Friday, the post-Thanksgiving sale imported from our cousin across the Atlantic, is estimated to generate £10bn of spending in Britain over the entire sales period. But shoppers are being encouraged to buy responsibly and […]
24th November 2017
Brits facing 14 year pay squeeze

Brits facing 14 year pay squeeze

Economic forecasts published in the Budget this week make unhappy reading for anyone hoping for a pay rise sometime soon. The figures, compiled by the Office for Budget Responsibility, predict that average UK earnings in […]
21st November 2017
Local authorities employing more bailiffs to collect council tax debt

Local authorities employing more bailiffs to collect council tax debt

Councils in England and Wales called in bailiffs to collect unpaid debts on more than two million occasions last year. Enforcement agents, more commonly known as bailiffs, were most frequently sent to collect council tax […]
13th November 2017
Retailers struggle in build up to Christmas

Retailers struggle in build up to Christmas

The British Retail Consortium (BRC) say that retailers have “cause for concern” in the run-up to Christmas as sales of non-food items grew at the slowest rate since records began. Non-food sales rose by just […]
6th November 2017
Rate rise to cost £100s

Interest rate rise to cost £100s for in debt homeowners

The Bank of England’s monetary policy committee has voted in favour of increasing their base interest rate from 0.25% to 0.5%. It is the first rate rise in over a decade and is intended to […]
30th October 2017
Brexit causes insolvency risk for businesses

Brexit causes insolvency risk for businesses

Brexit could lead to a sharp upturn in the number of businesses filing for insolvency, according to a new survey from the Institute of Chartered Accountants in England and Wales (ICAEW).   The survey of […]
30th October 2017
Personal Debt

Government considers six-week ‘breathing space’ scheme to tackle problem debt

People with serious debt problems could be given up to six weeks of ‘breathing space’ under plans unveiled by the government this week. During the six week grace period, those battling against excessive ‘problem debt’ […]
24th October 2017
Half of British adults are ‘financially vulnerable’

Half of British adults are ‘financially vulnerable’

Evidence released by the Financial Conduct Authority (FCA) shows that half of British adults are at risk of financial hardship, with millions missing bill payments and borrowing money to make ends meet. The warning comes […]