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Peer2Peer Finance News | July 23, 2017

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Personal Finance News

Inflation drops but savers warned the squeeze will continue

July 18, 2017 |

THE COST of living fell for the first time since September 2016 as inflation hit 2.6 per cent in June, but it is still above the Bank of England’s two per cent target and close to a four-year high.

The … Read More

Investors enjoying “knockout year” as dividends hit new record

July 17, 2017 |

DIVIDENDS paid by British businesses hit an all-time record in the second quarter of 2017, jumping 14.5 per cent year-on-year to £33.3bn.

That’s according to the latest Dividend Monitor from Capita Asset Services, which said that the sharp annual increase … Read More

Household savings rate hits record low

June 30, 2017 |

THE HOUSEHOLD savings ratio has fallen to a record low in the UK, official figures have revealed.

Data from the Office for National Statistics shows the household savings rate – the percentage of disposable income being saved – fell from … Read More

Consumer debt rises, but most UK adults aren’t worried

June 27, 2017 |

ALMOST two thirds of UK adults said they were able to meet credit commitments without any difficulty in the second half of last year, an improvement on the previous four years, official figures have shown.

The Office for National Statistics’ … Read More

Bank of England takes action to ward off consumer credit boom

June 27, 2017 |

THE BANK of England has expressed concerns about the boom in consumer credit by increasing capital that banks must set aside for losses.

The central bank’s financial stability report showed consumer credit – credit cards, personal loans and motor finance, … Read More

Carney shoots down speculation of rate increase

June 20, 2017 |

BANK OF England Governor Mark Carney (pictured) has hinted that there will not be an increase in the base rate for some time, which could spell good news for peer-to-peer lending platforms.

His comments came less than a week after … Read More

TISA lobbies for P2P inclusion in SIPPs amid advisor outreach

June 13, 2017 |

THE TAX INCENTIVISED SAVINGS ASSOCIATION (TISA) is lobbying both HMRC and the FCA to include P2P investments in self invested personal pensions (SIPPs), as it continues to reach out to financial advisors on behalf of the industry.

Jeffrey Mushens, technical … Read More

Four in 10 Brits shunning savings, RateSetter warns

June 12, 2017 |

ALMOST four in 10 Brits failed to save a penny in the three months to April, RateSetter research has found, with the peer-to-peer lender warning that this could lead to financial difficulties down the line.

37 per cent of UK … Read More

Savers hit by “toxic combination” of low rates and rising inflation

May 19, 2017 |

SAVERS are suffering from a “toxic combination” of low rates and rising inflation as even the highest paying easy access accounts can’t beat the cost of living.

Research by property investment platform Property Partner found an average easy access account … Read More

Savers urged to look for cash alternatives as inflation hits new high

May 16, 2017 |

SAVERS are being urged to “wake up and smell the coffee” as inflation hit a 43-month high of 2.7 per cent in April.

Consumer price inflation is at the highest rate since September 2013, boosted by higher air fares, energy and … Read More