What you need to know this week
Major UK high street banks have resolved their recent payment issues.
The UK economy grew by 0.7% in the first quarter of 2024.
Council tax arrears in England have reached £6.2 billion.
36% of National Debtline callers in May had energy debts.
StepChange reported a 12% decrease in clients accessing full debt advice in May 2024 compared to May 2023.
The threshold for Debt Relief Orders (DROs) increased from £30,000 to £50,000, and single vehicle value from £2,000 to £4,000.
Personal insolvencies in May 2024 included 3,716 DROs and 4,946 IVAs.
There were 7,652 breathing spaces registered under the Debt Respite Scheme in May 2024.
Scotland saw 1,884 individual insolvencies in Q1 2024.
The Illegal Money Lending Team highlighted the issue of over one million residents in England borrowing from loan sharks.
The NIS2 Directive is set to impact the finance industry with new cybersecurity requirements.
Multiple events and collaborations are scheduled, including ...
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