Positive signs when it comes to consumer arrears - but some businesses are still doing it tough

The latest Centrix data for May, shows the number of people behind on payments is down on last year - for the fifth consecutive month in a row.

At the same time, company liquidations have risen 27 percent year-on-year.

Chief Operating Officer Monika Lacey says that's partly due to increased enforcement, after a softer approach from credit providers during Covid.

She says Inland Revenue is among those businesses which is now taking a normal approach again, and that's having an impact.