The Department for Work and Pensions is beginning to strip driving licences from former benefit claimants with unpaid debts as recent powers take effect on Thursday, while energy borrowers face a record £4.79 billion shortfall ahead of a 13 % price‑cap rise, said 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