UK Debt Solutions

UK Debt Solutions At UK Debt our top concern is helping you find a way out of your debt problems

The latest Business Distress Index statistics show that small to medium-sized enterprises (SMEs) across the UK are facin...
06/02/2023

The latest Business Distress Index statistics show that small to medium-sized enterprises (SMEs) across the UK are facing unprecedented levels of distress as the country grapples with a post-Covid cost-of-living crisis.

From analysing new data looking at how businesses fared during the most recent quarter (Q4 2022 October to December), the findings illustrate just how challenging the current economic climate is for UK businesses.

The latest Business Distress Index statistics show that small to medium-sized enterprises (SMEs) across the UK are facing unprecedented levels of distress as the country grapples with a post-Covid cost-of-living crisis.

Barclaycard forecast that average spending during the post-Christmas sales period would decline by around 7 per cent thi...
03/01/2023

Barclaycard forecast that average spending during the post-Christmas sales period would decline by around 7 per cent this year, to £229 per person.

High street footfall figures up in November but strikes and hip pocket worries likely to dent sales in December and beyond

The October 2022 Football Distress Survey, conducted for more than a decade by business recovery specialist Begbies Tra...
21/12/2022

The October 2022 Football Distress Survey, conducted for more than a decade by business recovery specialist Begbies Traynor, has indicated that despite a 3% fall in financially distressed clubs since May this year, 31 clubs in the English Football League (EFL) , 43% of the total, remain in financial distress.

In the Premier League, distress has risen by 75% since March and is now affecting seven of the 20 top-flight clubs.

Almost half of EFL clubs now in financial distress, with surge in new US and Middle Eastern ownership expected

During 2020, the number of people claiming out-of-work benefits and state support rose dramatically. By November, 2.7 mi...
19/01/2021

During 2020, the number of people claiming out-of-work benefits and state support rose dramatically. By November, 2.7 million people were claiming either Jobseeker's Allowance or Universal Credit, 1.4 million more than in March.

Coronavirus has shone a light on this social epidemic.

An existing ban on bailiffs evicting people from their homes is due to end on January 11 but several charities and numer...
07/01/2021

An existing ban on bailiffs evicting people from their homes is due to end on January 11 but several charities and numerous politicians have called for the ban to stay in place while England remains in lockdown.

The UK government has been called on to extend the ban on evictions that has kept thousands of people from …

Home-schooling: Calls to cut data fees during Covid lockdowns
05/01/2021

Home-schooling: Calls to cut data fees during Covid lockdowns

The children's commissioner for England and Labour's leader call on firms to help low-income families.

It is unclear yet how many customers could be in line for compensation payments but the issues involved are understood t...
18/12/2020

It is unclear yet how many customers could be in line for compensation payments but the issues involved are understood to have affected the bank’s personal loan, mortgage, credit card and current account overdraft customers.

HSBC has said it will pay compensation to potentially thousands of customers who it treated badly while they were indebted …

It is estimated that around a million households were destitute and unable to cover their most essential costs at some p...
10/12/2020

It is estimated that around a million households were destitute and unable to cover their most essential costs at some point during 2019, which includes more than half a million children.

The scale of destitution among households living in the UK increased by around 35 per cent between 2017 and 2019, and is expected to worsen as the coronavirus pandemic goes on.

The research supports the accounts of food bank operators, who have been reporting significant increases in demand for t...
08/12/2020

The research supports the accounts of food bank operators, who have been reporting significant increases in demand for their services over the course of 2020.

There are now believed to be more than a million people living in the UK who are in “severe financial …

Roughly half of all food bank users are dealing with debts owed in relation to Universal Credit, according to the Trusse...
01/12/2020

Roughly half of all food bank users are dealing with debts owed in relation to Universal Credit, according to the Trussell Trust.

Roughly half of all food bank users are dealing with debts owed in relation to Universal Credit, according to the …

Total includes 120,000 children, according to thinktank that is calling for anti-poverty strategy
30/11/2020

Total includes 120,000 children, according to thinktank that is calling for anti-poverty strategy

Total includes 120,000 children, according to thinktank that is calling for anti-poverty strategy

As many as 2.5 million household across the UK are worried about how they will manage to pay their rent over the winter ...
17/11/2020

As many as 2.5 million household across the UK are worried about how they will manage to pay their rent over the winter months, according to an extensive new piece of research

As many as 2.5 million household across the UK are worried about how they will manage to pay their rent …

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