UK Holiday Park Group Collapses with £103m Debt

Argyll Holidays, operator of eight Scottish holiday parks, entered administration in November with over £103 million in debts. Administrators increased staff from 97 to 255 to maintain operations while seeking a buyer.

Interest-Only Mortgages Fell 17.7% in 2025

UK Finance reports that pure interest-only homeowner mortgages fell by 17.7% in 2025, with the total stock down 81% since 2012. Partial interest-only loans also declined.

Co-op Opens Store in Kent, Creates 18 Jobs

Co-op has opened a new convenience store in Kennington, Kent, creating 18 jobs. The store features a bakery, Costa Coffee, and home delivery services via Deliveroo, Just Eat, and Uber Eats.

Bank of England Likely to Hold Rates at 3.75%

The Bank of England is set to keep interest rates at 3.75% following lower-than-expected inflation data and a US-Iran peace deal that has eased oil prices, reducing the need for a hike.

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