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Peer2Peer Finance News | November 24, 2017

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Personal Finance News

Was the Budget boom or bust for personal finance?

November 24, 2017 |

PEER-TO-PEER lenders are split about the outcome of the Budget for people’s finances.

RateSetter said there was “a notable absence of measures to help people put away more for the future” in Wednesday’s fiscal event, but Lending Works called it … Read More

Government urged to widen access to ethical investments

November 20, 2017 |

THE GOVERNMENT is being urged to make social investment options more accessible to the public.

Social investment platform Ethex is calling for the Chancellor Philip Hammond to use this week’s Budget to make it easier for people to invest their … Read More

Lendy: Savers missing out on £27bn of returns due to inflation

November 18, 2017 |

UK SAVERS could lose £26.5bn over the next year as inflation eats into capital in low-interest savings accounts, according to new research from Lendy.

The peer-to-peer property platform claims that savers collectively receive just £10.06bn of interest on the £1.3trn … Read More

Strain on households persists as inflation holds steady

November 14, 2017 |

INFLATION remained at a five-year high of three per cent last month, putting continued strain on the budgets of UK households.

Economists suggested Consumer Price Inflation (CPI) has now reached a peak, but warned the headline figure masks an increase … Read More

Consumer spending falls at fastest rate in four years

November 13, 2017 |

CONSUMER spending has fallen at its fastest rate in four years, displaying further evidence of the ongoing squeeze on household budgets.

IHS Markit and Visa’s UK consumer spending index revealed a two per cent year-on-year decline in spending during October.

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Third of millennials borrowed over £1,000 last year

November 13, 2017 |

NEARLY a third (30 per cent) of consumers aged 18 to 25 borrowed more than £1,000 over the past year, research shows.

Equating to around two million people, it is the highest proportion of any demographic.

The report from Equiniti, … Read More

Inflation and interest rates worry investors more than Brexit

November 13, 2017 |

INVESTORS are more worried about inflation and low interest rates than they are about Brexit, new research claims.

A survey of over 1,000 UK savers and 500 high-net-worth individuals, commissioned by Rathbone Investment Management, found that 42 per cent of … Read More

Qodeo investor and business matching service launches crowdfunding campaign

November 8, 2017 |

AN ONLINE platform that automatically matches entrepreneurs with potential financial backers such as venture capital and private equity firms or angel investors is seeking public support through a crowdfunding campaign on Seedrs.

Qodeo is looking to raise £220,000 through crowdfunding … Read More

MPs to investigate how to boost household savings

November 8, 2017 |

THE TREASURY Committee has announced plans to look into the level of savings among households and what would make them save more.

MPs in the select committee have unveiled an inquiry into household finances that will scrutinise problematic indebtedness, inter-generational … Read More

A boost for savers? Interest rates hiked for first time in a decade

November 2, 2017 |

INTEREST rates have been increased for the first time in a decade, prompting speculation about whether savers may start seeing better returns.

The Bank of England’s monetary policy committee increased the base rate from 0.25 per cent to 0.5 per … Read More