Industry News Archives

Student loans are changing: what this means for you

Industry NewsBy Olivia Dawson April 21, 2026

The UK government has announced that some student loans in England and Wales will have their interest rates capped at 6% beginning from September 2026. At first glance, this may sound like positive news. But what does it actually mean for you and your money? Let’s break it down in a simple, clear way. Interest on your Plan 2 student loans and postgraduate loans will be capped From September 2026, interest on Plan 2 student loans and postgraduate…

Key announcements from the Autumn Budget 2024

Industry NewsBy Hannah Oxborough November 7, 2024

The Chancellor Rachel Reeves delivered Labour’s first Budget in over 14 years on October 30th, 2024. Before the announcement, we had a look at what was predicted to be discussed. Were the predictions correct? In this article, we’ll summarise the key points the Chancellor delivered, comparing them against the predictions and discussing everything from the…

Are You Eligible for Additional Childcare Support?

Industry NewsBy Juliet Francis June 20, 2024

Parents in England can now apply for 15 hours of free childcare per week for children as young as nine months, starting in September 2024. This initiative aims to support working parents by reducing childcare costs and enabling more parents to return to work or increase their working hours. Available free childcare The free childcare…

Generation Debt: The Need for Better Collaboration

Industry NewsBy Juliet Francis June 7, 2024

Changing attitudes toward debt In the past, debt was something to be avoided. People would save up for what they needed and only take on debt as a last resort. Mortgages were the exception, but even those were approached with caution. Nowadays, debt has become much more acceptable. Credit cards, personal loans, and other forms…

Generation Debt: The Buy Now, Pay Later Concern

Industry NewsBy Juliet Francis May 9, 2024

Over the past few years, the UK has seen a big change in how we view and manage personal debt. What used to be avoided is now a normal part of everyday life, with various types of credit being used more frequently. Buy Now, Pay Later (BNPL) products are becoming an increasingly popular payment method…

Autumn Statement 2023 Round-Up

Industry NewsBy Hannah Oxborough December 8, 2023

On Wednesday 22nd November 2023, the Chancellor of the Exchequer, Jeremy Hunt delivered the Autumn statement to Parliament. In his opening statement, the Chancellor highlighted the decisions made by the government to curb inflation and get the economy back on track. He announced the government’s main five priorities: reducing debt, cutting tax and rewarding hard…

6 Reasons Behind UK’s Retail Market Decline

Industry News, Tips and AdviceBy Juliet Francis September 14, 2023

2023 has proved a difficult year for businesses across the UK with the retail sector in particular struggling to find it’s footing between tradition and transformation. This struggle has been brought into the spotlight with the recent collapse of budget retail giant Wilko, who entered into administration on 10th August, 2023, with 400 stores and 12,000 jobs currently at risk of disappearing from the market.

Bank of England Raises Interest Rates

Industry News, Tips and AdviceBy Juliet Francis August 24, 2023

Like the previous 10-year high wasn’t enough, the Bank of England has again raised interest rates, now to a new 15-year high. On August 3rd the base rate was raised by a quarter percentage point putting the country at 5.25%,

Rising Interest and Mortgage Rates

Industry News, Tips and AdviceBy Juliet Francis August 4, 2023

You may have seen mortgage and interest rates being mentioned in the news more than usual recently. And with rates on the rise, you’d be forgiven for thinking ‘what is happening?’, and ‘why are they rising at such a fast rate?!’

Understanding Credit Score Improvement

Debt Help, Featured, Guides, Industry News, Tips and AdviceBy Juliet Francis March 9, 2023

A credit score is a simplified overview of your credit history, giving lenders and prospective loan providers a general idea of your previous credit commitments, repayments and reliability. Currently in the UK, credit scores are measured by three credit reference agencies (Experian, Equifax and TransUnion), who monitor and allow you to check your credit score.…

Cost of Living

Guides, Industry NewsBy Juliet Francis December 15, 2022

Millions are seeing their household bills rising, due to an increased cost of living and inflation currently affecting the UK. It’s estimated that one in five people will be driven into debt this year.

Understanding Liz Truss’ New Energy Plan

Industry NewsBy Juliet Francis September 15, 2022

Among the cost-of-living crisis and the mountain of headlines surrounding it. The recent conservative leadership race has finally come to an end with MP Lizz Truss announced on 5/9/2022 to be the next leader of the Tory party and prime minister of England. While this means a lot of different things, what it might mean…