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Peer2Peer Finance News | April 22, 2018

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Bank of England

Rising interest rates tipped to boost P2P returns

April 20, 2018 |

PEER-TO-PEER investors are expected to see better returns once the Bank of England follows through with its long-awaited series of interest rate rises, according to Lending Works.

The P2P platform said in a blog post that when the Bank of … Read More

Inflation falls again but pressures remain

April 18, 2018 |

UK INFLATION fell for the second month in a row but pressures remain on savers, investors and businesses.

Official for National Statistics (ONS) data, released on Wednesday, showed that the consumer prices index (CPI) grew by 2.5 per cent in … Read More

Consumer credit demand falls at fastest rate for three years

April 13, 2018 |

LENDERS saw the biggest drop in demand for unsecured credit for three years during the first quarter of 2018.

The Bank of England’s first quarter credit conditions survey asked lenders about their opinion on credit conditions and assigned a value … Read More

UK rate rise could spell trouble for some P2P platforms

April 9, 2018 |

PRESSURE is mounting on the Bank of England to raise interest rates, but the chief executive of peer-to-peer lender Blend Network says this could be a problem for platforms offering lower yields.

The central bank held the base rate at … Read More

Consumer credit is on the rise again

March 29, 2018 |

THE PACE of consumer credit growth increased in February after a slowdown at the turn of the year, due to higher spending on credit cards.

Bank of England data, released on Thursday, showed that personal borrowing increased by 9.4 per … Read More

Bank warns on higher-risk mortgage lending

March 27, 2018 |

THE BANK of England has warned that a rise in riskier mortgage lending could impact financial stability.

The record of the central bank’s latest Financial Policy Committee (FPC) meeting, which was held on 12 March, said that there had been … Read More

A quarter of Britons think inflation is well above official figures

March 9, 2018 |

THE LATEST Bank of England quarterly inflation survey shows that more than a quarter of Britons think the rate of inflation is above four per cent, suggesting that people are increasingly feeling the pinch of a weak pound.

In the … Read More

Landbay ready to seize lending opportunities as cheap bank funding ends

March 7, 2018 |

LANDBAY founder John Goodall has warned banks will struggle to lend without the cheap money from the Bank of England’s Term Funding Scheme (TFS).

The scheme, which launched in September 2016 and gave banks access to cheap money on the … Read More

Consumer credit growth continues to slow

March 1, 2018 |

CONSUMER credit growth slowed at the start of the year driven by a fall in the amount borrowed for personal loans, Bank of England data shows.

The January data reveals consumer credit lending grew 9.3 per cent annually in January, … Read More

Inflation stumbles in January as cost of living holds at 3 per cent

February 13, 2018 |

THERE was little relief for interest-starved savers this morning as official data showed inflation held steady at three per cent in January.

Analysts had expected the cost of living measure to drop to 2.9 per cent but it remained at … Read More