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Peer2Peer Finance News | August 21, 2018

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Personal Finance News

Fresh blow for savers as inflation rises for first time in eight months

August 15, 2018 |

SAVERS have been hit with a new blow as the rate of inflation increased for the first time since November 2017.

Figures from the Office for National Statistics (ONS) showed the consumer prices index had increased to 2.5 per cent … Read More

Bud named among winners of £2m Rent Recognition challenge

August 15, 2018 |

PERSONAL finance app Bud has won a share of £2m as part of the government’s Rent Recognition Challenge competition.

Bud, which lets users manage accounts from a range of providers including peer-to-peer lenders Zopa and RateSetter, was named among three … Read More

Two thirds of savers suffer from ‘investophobia’

August 2, 2018 |

TWO THIRDS of UK savers are aware that they are losing money in savings accounts once inflation is accounted for, but they are still unwilling to invest.

According to a new survey from financial services group Scottish Friendly, a large … Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

Households feel pinch as Brexit uncertainty bites

August 2, 2018 |

THE LATEST data from the Office for National Statistics (ONS) suggests that individuals are feeling the pinch and could be likely to increase borrowing, in the face of higher inflation and Brexit uncertainty.

According to the ONS Wealth and Assets … Read More

Debt warning as Brits spend £25bn more than they earn

July 27, 2018 |

UK HOUSEHOLDS spent £900 more than they earned last year on average, fuelling fears of a new debt crisis just 10 years on from the global financial downturn.

According to new data from the Office of National Statistics, this amounts … Read More

MPs call for review on impact of savings tax reliefs

July 26, 2018 |

TAX relief on ISAs and pensions is failing to stimulate savings, MPs have warned.

A Treasury select committee report on household savings found many households are lacking any “rainy day” buffers, but said current products were not helping.

The report, … Read More

World Cup helps households feel happier about their finances

July 23, 2018 |

AN IMPROVING jobs market and the World Cup have helped households feel positive about their finances for the first time this year, research suggests.

The IHS Markit Household Finance Index rose to 44.6 in July, up from 43.6 in June, … Read More

Huddle refinances Collateral loans

July 9, 2018 |

PEER-TO-PEER business lender Huddle has stepped in to refinance some of Collateral’s loans after the platform went into administration earlier this year.

The first Collateral loan to go live on Huddle’s platform was a £80,500 facility secured by way of … Read More

Test your knowledge with the P2P lending challenge!

July 4, 2018 |

ORCA, in association with Peer2Peer Finance News, is hosting a peer-to-peer lending challenge for investors and industry players.

The P2P investment aggregator has launched a quiz designed to test P2P knowledge, with prizes for the top three winners.

The prizes … Read More