9th August 2022
British sole traders and small businesses are taking steps to protect their businesses after the Bank of England warned the UK will slip into recession this year. The economy is forecast to shrink in the […]
5th February 2019
Average weekly household spending climbed to £572.60 in 2018, the highest level since 2005. But statistics from the Office for National Statistics reveal that families had to borrow more or use up savings to fuel […]
8th November 2018
Buried deep in the Chancellor’s recent Budget was a new measure that gives HMRC priority over other creditors when claiming money back from an insolvent business. The move will reinstate HMRC as a ‘preferred creditor,’ […]
31st July 2018
Taken collectively, UK households spent more than they earned in 2017. It is the first time that household have ‘lived beyond their means’ in this way for almost thirty years. The data from the Office […]
14th June 2018
A year-long squeeze on Britain’s pay looks to be over, after wages rose by an annual rate of 2.9% in the first three months of 2018. Over the same three month period, inflation only increased […]
4th September 2017
Evidence shows that more and more British consumers are paying with plastic, as figures show a rise in the use of credit and debit cards. The number of transactions carried out on cards grew by […]