Average loss of funds was £4,715 per person.
Four in ten experienced scam attempt in the last year
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Current Affairs
Corporate insolvencies down 6% in July
Insolvencies remain higher than pre-pandemic levels.
Inflation falls to 6.8% in July
Flights and hotels keep prices high.
Govt. to reform personal insolvency framework
Policy will align framework with ‘the needs of 21st century stakeholders’.
Economy grows by 0.2% in second quarter
Information and accommodation industries fuel growth.
UK rental market shrinks by 400,000 homes
Estimated 126,500 rental properties sold since 2022.
Importers alter supply chains due to geopolitics
Importers particularly concerned about relations with China.
Accounting groups express concern about tax digitalisation plan
Making Tax Digital is delayed until 2026.
Retail trading conditions remain weak
July sees sharp decline in retail sales volumes.
Corporate insolvencies hit a 14-year high
Insolvency Service reports an 8.9% increase on the previous quarter.
NatWest profits rocket to £3.6bn after resignations
The part taxpayer-owned bank’s profits are higher than expected.
Self-employed workers lack confidence in HMRC
Small businesses tire of constant legislation and investigation.
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