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Peer2Peer Finance News | September 25, 2018

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Bank of England

New mortgage lending at a 10-year high as BTL slowdown continues

September 11, 2018 |

NEW mortgage lending reached its highest level since 2008 in the second quarter, statistics from the Bank of England reveal.

New commitments increased by 19.8 per cent from the first quarter to £72.2bn, while total gross advances increased by 6.4 … Read More

UK consumer borrowing slumps in July

August 30, 2018 |

CONSUMER credit growth slowed in July, while business borrowing remained subdued, new Bank of England data shows.

The trends were revealed in the latest monthly Money and Credit statistics issued by the Bank, covering the month of July.

The data … Read More

Personal loan price war continues despite rate rise

August 29, 2018 |

CONSUMERS may be poised for the cost of borrowing to rise since the Bank of England raised interest rates earlier this month, but so far personal loan rates remain “in freefall”, according to new research.

Analysis from personal finance website … Read More

UK needs skills revolution to counter AI job threat, warns BoE

August 20, 2018 |

THE UK needs to undergo a skills revolution to ward off the threat to job losses caused by artificial intelligence (AI), the Bank of England’s chief economist Andy Haldane has warned.

Speaking on Radio 4’s Today Programme, Haldane said that … Read More

Interest rate rise spells good news for P2P platforms

August 16, 2018 |

THE BANK of England’s decision to increase the base rate is beneficial for peer-to-peer lending platforms, RateSetter has claimed.

At the start of August, the Bank raised its interest rate by 0.25 percentage points to 0.75 per cent, taking it … Read More

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

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

Lending Works calls for BoE rate hike

July 25, 2018 |

LENDING Works has urged the Bank of England to raise interest rates next month.

The peer-to-peer consumer lender said that “it is high time for some rebalancing” to help savers “who continue to see their money fall in real terms”.

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

2nd Annual Technology & Innovation Risk Summit

July 18, 2018 |

2nd Annual Technology & Innovation Risk Summit

Date: 25-26 September, 2018

Venue: London

Attending the 2nd Annual Technology & Innovation Risk Summit will bring together The 2nd Annual Technology & Innovation Risk Summit will bring together innovation, technology and … Read More