Council forced to write off over 1m of uncollected debts
Over 1 million pounds has been written off as uncollected debts by a council in Wales.Denbigh County Council predicted in December that it would be £2.1m over budget by the end of the current...
Credit card use up to highest levels since 2004
Credit card borrowing rose in November to its highest monthly level since 2004 according to latest Bank of England data.The figures showed individuals borrowed an additional £1.5 billion in all forms of consumer credit,...
European Business late payment clampdown in 2023
European regulators are looking to clamp down on late European business late payment payments in 2023.In the U.K, the government announced the launch of a review into progress made in combating late business payments...
Limited Company struggling with Debts? What are the options
What are the options if a limited company is struggling with debts?While it can be be tempting to ignore a mounting unpaid debt problem in a Limited Company, it is the worst thing a...
MP made bankrupt due to £1.7m of Personal debt
Conservative MP Adam Afriyie has been made bankrupt after a judge heard he owed around £1m to HMRC and £700,000 to Barclays bank.A bankruptcy order was made against the MP at a hearing in...
Bailiffs forced to wear body cameras under new laws
Bailiffs will be forced to wear body cameras to protect vulnerable people struggling with debt, the Government has announced.The move is aimed at safeguarding households from “rogue” debt collectors who deploy threatening behaviour on their visits...
UK Restaurants going bust at a faster rate than during Covid
UK restaurants are going bust at a faster rate than during the Covid crisis owing to a “toxic mix” of surging energy costs, staff shortages and falling bookings.
Closures in the sector rose by 60%,...
More UK Energy firms are predicted to go bust in 2023
More UK energy firms are predicted to go bust in 2023 according to one expert. The boss of Centrica, parent company of British gas made the stark prediction that many UK energy firms are...
Government to review UK Small Business Late payments
The government is to review worsening UK Small Business late payments it has been announced.Business secretary Grant Shapps said the review was to stop larger companies “ripping off” their smaller counterparts. The government also...
New regulatory body for Bailiffs launched
A new regulatory body for bailiffs was launched on Wednesday as new figures reveal that over a third of families fear the cost-of-living crisis will force them into debt.The Enforcement Conduct Board (ECB) is...
