UK Lenders Forecast Increase in Mortgage Defaults: Industry Insight
The latest data from the Bank of England indicates that lenders anticipate an increase in mortgage default rates in the…
Consumer Spending Slows: June Card Transactions Fall
In an unexpected turn, card spending in the UK fell last month for the first time in more than three…
Consumer Finance Market Sees 9% Growth in April 2024
New figures released by the Finance & Leasing Association (FLA) reveal that consumer finance new business grew by 9% in…
What Labour’s Election Win Means for UK Businesses
In a decisive victory, Sir Keir Starmer has become the UK’s next prime minister after Labour secured a majority in…
UK General Election: Implications for BoE Interest Rate Policy
On Thursday, July 4th, UK voters will participate in a pivotal general election, with Labour expected to secure a strong…
Rising Debt: Consumer Credit Borrowing Jumps in May
Consumer credit borrowing saw a significant increase in May 2024, according to the latest data from the Bank of England….
Economic Challenges Stall Growth in UK Disposable Incomes
The growth in disposable incomes in the UK has slowed significantly over the past 14 years, largely due to a…
Three Million UK Households to Face Higher Mortgage Repayments
Around three million households in the UK are set to see their mortgage payments increase over the next two years,…
June 2024 Money Statistics: UK Households Under Financial Pressure
The Money Charity’s latest statistics for June 2024 offer a comprehensive look at the current financial landscape in the UK….
Consumer Confidence Climbs for Third Consecutive Month
Consumer confidence in the UK has seen a sustained increase for the third consecutive month, according to the latest survey…