Forced to write off 7.5m in Bad Debt
MORE than £7.5 million in unpaid council tax and business rates will be written off.
Government scrap Insolvency reforms
Despite complaints from insolvency practitioners that staff and budget cuts at the Insolvency Service are allowing unscrupulous directors to escape justice
Local council writes off £230k of bad debt
PENDLE Council has had to write off more than £230,000 in unpaid debts.
Over 60 billion of Debt passed to Debt Collection Agencies
Consumer debt passed to Debt Collection Agencies(DCA’s) or sold to Debt Buyers has officially passed the £60 billion figure for the first time
Construction activity down by 10%
Activity in the UK construction sector was down 10.1% in the year to July, the Office for National Statistics said.
Council seeking to recover over 5m of Bad Debt
Stoke-on-Trent City Council is currently talking to at least 13 debt collection firms over the recovery of 5m worth of debt
Office of Fair Trading vows to get tough
A new guidance from the Office of Fair Trading (OFT) is set to triple the amount that businesses can be fined for stepping beyond permitted competition boundaries.
HMRC admits errors in use of Private Debt Collectors
Well over half the complaints made against the taxman are upheld by HM Revenue & Customs’ own internal complaints system.
Consumers suffer BT Debt Recovery headache
CANCELLING a telephone and broadband package when out of the specified contract period should be relatively straightforward.
Base rate held as economy shows sign of improving
The Bank of England has voted to keep interest rates at 0.5% and hold fire on pumping any more money into the economy through its quantitative easing programme.













