Resolution Foundation report finds that household energy debt has tripled in the last decade
A new report from Resolution Foundation finds that the number of customers falling behind on their electricity bills with no repayment plan in place has more than tripled from 300,000 in 2012 to over one million at the end of 2024, with the number of customers falling behind on their gas bill also tripling from […]
Read MoreUK Consumer Lending Payment Trends report published
A new report informed by proprietary consumer research and backed by Acquired.com on UK Consumer Lending Payment Trends has been published. The report finds that: 68% of prime borrowers had enough money in another account at the time of a missed payment, 75% of near-prime borrowers are managing two or more loans simultaneously, and One-third […]
Read MoreUK Government unveils its Small Business Plan to support SMEs with toughest crackdown on late payments in a generation
The Government says that small businesses across the UK will benefit from the most comprehensive support package in a generation, as it launches a bold new plan to give them the tools to thrive and drive economic growth as part of its Plan for Change. At the heart of the plan is a the most […]
Read MoreFCA proposes protections to help Buy Now Pay Later borrowers navigate their financial lives
Buy Now Pay Later (BNPL) borrowers will benefit from key protections in place for other types of lending, under proposals put forward by the Financial Conduct Authority (FCA). The proposals include requiring lenders to check that people can afford to repay BNPL loans and to offer support if they get into financial difficulty. They form […]
Read MoreGovernment consulting on modernising and improving the administration of council tax
The Ministry of Housing, Communities and Local Government is seeking views on the administration of council tax including: changing the ways council tax is billed, collected and enforced modernising the support available in the system supporting councils to improve efficiency Taken together, these changes aim to create a fairer and more efficient system for taxpayers […]
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