The Department for Work and Pensions is beginning to strip driving licences from former benefit claimants with unpaid debts as new powers take effect on Thursday, as energy borrowers face one record £4.79 billion shortfall ahead of a 13 % price‑cap rise, reported by The Pink Un. HMRC has announced it will directly collect from overdue tax accounts, a Chinese audit has uncovered billions of yuan siphoned from rural funds to service local debt, and a $313 million facility has been launched to refinance maturing rental‑property debt.
Latest News About UK Debt Measures Trigger Licence Bans and Record Energy Owed update
Sources & References
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Energy debt hits record high - Credit Connect
Energy debt hits record high Credit Connect
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GID opens $313m Fannie facility to pay off maturing debt on rental three-pack - Green Street News
GID opens $313m Fannie facility to pay off maturing debt on rental three-pack Green Street News
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HMRC issues new update on plans to take money directly from accounts - Cambridge News
HMRC issues new update on plans to take money directly from accounts Cambridge News
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China Audit Reveals Billions of Rural Funds Diverted for Local Debt - Caixin Global
China Audit Reveals Billions of Rural Funds Diverted for Local Debt Caixin Global
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Energy debt reaches record £4.79 billion ahead of 13% price cap jump - The Pink Un
Energy debt reaches record £4.79 billion ahead of 13% price cap jump The Pink Un