borrowing
UK consumer borrowing slumps in July
August 30, 2018 | Hannah Smith
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
Households feel pinch as Brexit uncertainty bites
August 2, 2018 | Danielle Levy
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
OECD calls for borrowing caps to tackle consumer debt
November 28, 2017 | Marc Shoffman
FINANCIAL regulators should introduce caps on how much households can borrow to stem the consumer credit boom, economists have claimed.
The latest economic outlook from the Organisation for Economic Cooperation and Development (OECD) warned on Tuesday that high household debt … Read More
Third of millennials borrowed over £1,000 last year
November 13, 2017 | Emily Perryman
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
Bank of England urged to delay base rate rise
October 16, 2017 | John Fitzsimons
AN INTEREST rate hike before the end of the year is unnecessary and should be avoided, a high-profile forecasting body has warned.
In its Autumn Forecast, the EY Item Club noted that the Bank of England’s Monetary Policy Committee (MPC) … Read More
The Finance Professional Show 2017
August 30, 2017 | Partnership
The Finance Professional Show 2017
Date: 8 November 2017
Venue: Olympia Central, London
The Finance Professional Show is the industry’s must-attend exhibition in London for all finance professionals. Individuals and firms specialising in residential mortgages, secured loans, commercial finance, bridging … Read More
Flender looks to raise £2m from institutional friends
August 10, 2017 | Marc Shoffman
SOCIAL lending peer-to-peer platform Flender is planning a funding round to prepare for its launch in the UK.
The business and consumer lender, which lets borrowers share their fundraising campaigns on social media, is raising £2M in equity funding and … Read More
