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Peer2Peer Finance News | August 20, 2018

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Brexit

A Rocky Road

August 10, 2018 |

IN THE TWO YEARS since the Financial Conduct Authority (FCA) commenced its post-implementation review of the peer-to-peer lending industry, so much has changed. Whereas a mere handful of P2P platforms had full FCA authorisation in 2016, now the vast majority … 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

Funding Circle: SMEs would vote ‘Remain’ in second referendum

July 30, 2018 |

THE MAJORITY of the UK’s small businesses would vote to remain in the EU if a second referendum was held today, according to new research from Funding Circle.

More than half (56 per cent) of businesses said that they would … Read More

P2P industry must look outside of London

July 23, 2018 |

PEER-TO-PEER lenders must extend their reach to businesses beyond London as the UK’s regions continue to be underserved by finance, according to the UK’s first small business commissioner.

In an interview with Peer2Peer Finance News, Paul Uppal (pictured) said the disparity … Read More

Living without EU

July 13, 2018 |

With the Brexit deadline looming ever closer, what does the future look like for UK peer-to-peer lending after we exit the bloc? 

If a week is a long time in politics, two years must seem like a lifetime. But that … Read More

More SMEs turning to alternative finance as Brexit approaches

May 30, 2018 |

MORE businesses are now exploring alternative finance options rather than relying on traditional borrowing methods, research claims.

Analysis by commercial finance provider Wesleyan Bank found that rather than small- and medium-sized enterprises (SMEs) relying on overdrafts, savings and credit cards … Read More

Falling inflation sparks interest rate warnings

May 23, 2018 |

INFLATION has fallen to its lowest rate in 18 months, leading experts to predict that there will be no rise in interest rates before the end of the summer.

According to new data from the Office for National Statistics, inflation … Read More

Chancellor appoints fintech envoys for Wales and Northern Ireland

May 17, 2018 |

FINTECH envoys have been appointed for Wales and Northern Ireland, to help the sector flourish after Brexit.

Richard Theo, co-founder and chief executive of Wealthify, has been named fintech envoy for Wales, while Georgina O’Leary, director of innovation, research and … Read More

Zopa to boost regulatory clout ahead of Brexit

May 11, 2018 |

ZOPA is recruiting staff to bolster its regulatory expertise and influence ahead of industry changes and developments such as Brexit.

The peer-to-peer lender is advertising for a public and regulatory affairs officer who will be responsible for building relationships with … Read More

Forget Brexit, UK economy expected to have bigger influence on house prices

May 10, 2018 |

THE UK’s economic growth will have the biggest influence on house prices over the next five years, according to new research.

The survey of small- and medium-sized enterprises (SMEs) in the housebuilding sector, published by specialist mortgage lender LendInvest, showed … Read More