Bank of England backs data platform to boost SME financing

THE BANK of England said it will consult on developing a data platform that will store financial information from small- and medium-sized enterprises (SMEs) and help them access funding.

Bank of England Governor Mark Carney said the traditional metrics for … Read More

P2P investors sceptical about interest rate rises

MORE than half of Assetz Capital’s peer-to-peer investors are not convinced that more frequent Bank of England interest rate rises are on the way.

Bank of England Governor Mark Carney (pictured) said in May that interest rate rises could be … Read More

P2P to have strong presence at Innovate Finance Global Summit

FOUNDERS of the ‘big three’ peer-to-peer lenders are among the confirmed speakers at Innovate Finance Global Summit (IFGS), which takes place next month at London’s Guildhall.

Giles Andrews of Zopa, Samir Desai of Funding Circle and Rhydian Lewis of RateSetter … Read More

Lending Works calls for BoE rate hike

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

Falling inflation sparks interest rate warnings

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

Michelle Mone backs Carney’s calls for crypto regulation

BARONESS Michelle Mone (pictured), co-founder of cryptocurrency-based investment platform EQUI, has backed Bank of England Governor Mark Carney’s calls for regulation of the sector.

Carney said in a speech on Friday that cryptocurrencies must be held to the same standards … Read More

Interest rates could rise earlier and higher than expected

THE BANK of England has signalled that interest rates may be increased earlier and higher than expected, in what could be good news for savers but bad for those servicing debts.

The Bank’s February inflation report, released on Thursday, said … Read More

Bad news for savers as Bank of England holds interest rates

THE BANK of England has kept interest rates on hold this month despite rising inflation.

The Bank’s monetary policy committee (MPC) held the base rate at 0.5 per cent on Thursday, following an increase in November – the first rate hike … Read More

The savings squeeze continues as inflation hits five-year high

INTEREST-STARVED savers have been hit with more bad news after inflation hit a five-year high.

The Office for National Statistics reported consumer price inflation (CPI) was three per cent in September, up from 2.9 per cent in August and the … Read More

Banks rein in unsecured lending

A DROP in unsecured lending to UK households suggests lenders have taken heed of the Bank of England’s warning on ballooning consumer credit.

The central bank’s latest credit conditions survey reveals the availability of unsecured lending fell in the third … Read More