Category : Search result: debt levels


Tax Office pays private debt collector £42m

The Australian Taxation Office has paid debt recovery firm RecoveriesCorp over £42 million to chase unpaid taxes, raising serious questions about outsourcing public debt collection to private contractors.

Data Centre Boom Fuels £1.4 Trillion Debt Surge

The explosive growth of data centres worldwide is creating a massive £1.4 trillion debt bubble, driven by insatiable AI and cloud computing demands. Discover how this digital gold rush is reshaping global finance and raising alarm bells among investors.

FCA warns over wealth consolidator risks

UK financial watchdog reveals serious concerns about conflicts of interest and unsustainable borrowing practices among wealth management consolidators, warning of potential consumer harm.

Ofgem to clear £3bn energy debt via bill increase

Millions of UK energy customers face a small bill increase as regulator Ofgem proposes clearing £3 billion in customer debt through a temporary charge, while also increasing support for vulnerable households.

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