Business & Technology
UK credit card balances steady as payment rates fall
SOFIAH NICHOLE SALIVIO
News Editor
UK credit card balances were stable in February, while payment rates fell, according to FICO. The data also showed higher balances on accounts with missed payments than a year earlier.
Spending rose 5.1% month on month to an average of £790, reflecting the usual rebound after January’s post-Christmas slowdown. Average active balances were unchanged at £1,940, although they were 4.5% higher than in February 2025.
The share of total balances repaid fell 1.53% from the previous month to 33.4%. That was 4.3% lower than a year earlier, though the decline was narrower than in recent months, when annual falls had been running between 6% and 7%.
Missed-payment trends were mixed. The number of customers missing one payment fell 12% from the previous month, while those missing two payments dropped 8.9%.
However, the proportion missing three payments rose 2% month on month and 8% year on year, pointing to continued strain among borrowers already in difficulty. Compared with the same month last year, fewer customers missed one payment, but more missed two and three, extending a pattern seen since the second half of 2025.
Balances tied to missed payments rose across every category, both month on month and year on year. They remained well above 2025 levels, suggesting customers who have fallen behind are carrying larger debts than a year ago.
Affordability pressure
The figures suggest that while some broad measures of card use are stabilising, affordability pressures have not eased for many households. Structural financial strain remains despite a pause in the year-on-year decline in spending seen since early 2025.
FICO also warned that higher energy prices could add pressure in the months ahead, particularly as seasonal spending typically rises through spring. It said lenders’ risk teams should closely monitor borrowers with stretched finances.
Credit limits were flat on the month at £5,940 and 2.4% higher than a year earlier. Overlimit accounts fell 3.7% from the previous month, but were still 6.5% above February 2025 levels.
The average amount by which customers exceeded their limit rose 2.1% month on month to £95, and was 5.5% higher than a year earlier.
Seasonal pattern
February is typically a month when spending recovers after January and repayment rates begin to soften before falling further into April. The latest figures broadly followed that seasonal pattern, but also pointed to more severe underlying borrower stress than in previous years.
FICO’s benchmark figures are drawn from client reports generated by its TRIAD Customer Manager system, used by around 80% of UK card issuers. That gives the dataset broad coverage of the domestic credit card market.
For lenders, the combination of stable balances, lower repayment rates and larger debts among delinquent customers is likely to sharpen the focus on early intervention. Pre-delinquency action and tailored collections strategies are especially important for higher-balance accounts, FICO said.
The latest numbers suggest a divide in the market between customers still managing seasonal swings in spending and those whose financial position is worsening as debts accumulate. “While February saw month-on-month improvements for accounts missing one and two payments, there was a 2% increase in accounts missing three payments, underlining the challenge for individuals already facing financial difficulties,” FICO said.
Business & Technology
Tesco makes major price move in Express stores to match Aldi
The supermarket has expanded its Aldi Price Match scheme into more than 2,000 Tesco Express stores, meaning customers can now pick up key items at prices matched to Aldi without heading to a larger supermarket.
It marks the biggest expansion of the scheme since it launched in 2020, and is aimed at helping households manage rising costs while keeping the convenience of local shopping.
More than 200 products will be included, with items clearly marked in-store so shoppers can easily spot the deals.
Examples of price-matched products include:
- Tesco Penne Pasta Quills 500g – £0.69
- Tesco British Semi-Skimmed Milk (2 pints) – £1.20
- Tesco Iceberg Lettuce – £0.89
- Tesco Cauliflower – £1.19
- Tesco Broccoli 375g – £0.82
- Tesco Tuna Chunks in Spring Water 145g – £0.65
- Tesco Basmati Rice 1kg – £1.79
- Tesco Loose Red Peppers – £0.70
- Tesco Red Kidney Beans 400g – £0.39
The exact range will vary depending on store size and location, but all included items will feature the Aldi Price Match label on shelves.
Tesco UK chief executive Ashwin Prasad said the move is designed to give shoppers confidence they are getting good value, even in smaller convenience stores.
He said: “We know that household budgets are again under pressure, but we are committed to keeping the cost of the weekly food shop affordable for Tesco customers.
“By extending our Aldi Price Match scheme to Express stores we can now give customers the confidence that they can get great prices on a range of everyday products at Tesco, whether that’s in our large stores, online or in more than 2,000 of our local convenience stores.”
Business & Technology
Leading law firm to go into administration and cease trade
BLB Solicitors describe themselves as ‘an award-winning law firm serving Wiltshire and the South West across the border from Oxfordshire.
‘We offer expert, clear, practical and cost-effective legal advice to both business and private clients,’ reads their website.
‘But more than that, our friendly, approachable lawyers are committed to the highest standards of client care, tailoring their service to your unique needs and providing a bespoke legal service you can rely on.’
However, as of April 29, a notice pops up on when you visit the website, reading: “We regret to confirm that BLB Solicitors Limited will cease to trade and be placed into administration with effect from midday on April 30, 2026.
“Please direct any enquiries to enquiries@blbsolicitors.co.uk, and we will respond as soon as we are able.”
They offered advice on commercial property, divorce family law and mediation, lifetime planning and wills, probate and estate administration and legal services for business, among other areas.
BLB Solicitors have been contacted for a comment.
A response has not been provided at this stage.
Business & Technology
Roke launches Works with Roke defence partner scheme
KALEAH SALMON
News Editor
Roke has launched Works with Roke, a partner programme focused on defence technology integration in the UK and allied markets.
The scheme gives suppliers, technology partners and systems integrators a formal way to show their products work with Roke systems. Partners that complete the process can use a Works with Roke badge to show their technology has been tested for interoperability.
The framework is intended to make collaboration more visible and repeatable across defence projects. Roke is positioning the programme as a way to reduce reliance on closed architectures and single-vendor systems, which can make upgrades and procurement more difficult.
The launch comes as ministers and defence planners place greater emphasis on industrial cooperation, shared supply chains and faster adoption of new technology. In that context, interoperability has become a more prominent issue for both government buyers and companies trying to bring products into service.
Works with Roke sets out a structured process for technical assessment, joint integration work and validation through live demonstrations. Participation is open to organisations of all sizes, with no fee beyond the time needed to collaborate.
The process formalises the integration work already underway between Roke products and third-party systems. By creating a standard label around that work, the company aims to give partners a clearer way to present compatibility to customers and procurement teams.
Open systems
For defence customers, the issue goes beyond branding. Programmes that combine software, sensors, communications equipment and autonomous systems often rely on products from multiple vendors, and delays can arise when those systems are hard to connect or validate.
Roke says the framework is designed to address those barriers earlier in the development process. Proving integration earlier can lower technical risk and support investment decisions by giving public- and private-sector buyers greater confidence that a combined system will function as intended.
Vendor lock-in has also become a recurring concern in defence procurement, particularly where proprietary systems limit flexibility over upgrades, maintenance and future competition. A structured interoperability process gives suppliers a way to present a more open approach while still working within existing programmes and procurement rules.
Matt Albans, chief technology officer at Roke, linked the launch to practices established in other sectors.
“Other sectors have shown what’s possible when you make collaboration the default. In telecoms, in cloud, in advanced manufacturing, organisations build around shared standards and open ecosystems.”
“Defence hasn’t always worked that way, and it’s holding us back. There has been a new push for diversity and resilience, which means avoiding vendor lock-in. We need to move faster from concept to deployment, and that means working together earlier and more openly. ‘Works with Roke’ is our call to industry to step forward, integrate, collaborate and help deliver capability at pace for the UK and its allies,” Albans said.
Industry response
One of the early voices backing the approach is Overview, whose chief technology officer said the framework reflects a broader shift in engineering priorities across the defence sector.
“Interoperability is no longer a ‘nice to have’ in defence, it’s fundamental to delivering capability at pace and with confidence. Works with Roke builds on existing open standards and provides a practical framework for engineers and architects on both sides to prove integration early, reduce technical risk and avoid closed, proprietary approaches. From a technical leadership perspective, that openness and clarity is exactly what’s needed to accelerate innovation while maintaining robustness and security,” said James Kinsman, chief technology officer at Overview.
The programme also has a supply-chain dimension. Recent defence cooperation agreements between the UK and overseas partners have placed greater emphasis on how companies align development work across borders, particularly as governments seek faster routes from prototype to deployment.
For firms trying to enter that supply chain, a recognised integration mark may offer a simpler way to signal compatibility with an established defence supplier. For larger contractors, it may provide a way to bring in specialist products without relying on bespoke claims about technical fit.
Roke has operated in the UK defence and national security market for decades and is part of Chemring Group. Its work spans cybersecurity, communications, sensors, robotics, and autonomous systems, placing it across several parts of the defence technology stack where interoperability issues often emerge.
Successful integrations under the new programme will be validated through live demonstrations, after which participating organisations can display the Works with Roke badge on their products and marketing materials.
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