Credit Card and Contactless Payments See Significant Growth
In the face of ongoing economic pressures, the latest data from UK Finance reveals that credit card spending is on…
Business Insolvencies Fall by 6% in May 2024
The latest figures from the Insolvency Service indicate a positive trend for businesses in England and Wales, with a 6%…
Interest Rates Hold at 5.25% – Reactions from the Consumer Credit Industry
The Bank of England has opted to hold the base rate at 5.25%, marking the seventh consecutive meeting where the…
Inflation Falls to Three-Year Low – Industry Reaction
Inflation has hit the Bank of England’s (BoE) target for the first time in almost three years, marking a significant…
High Street Banks Boost SME Lending in Early 2024
The latest figures from UK Finance indicate a robust start to 2024 for business lending from high street banks. In…
GDP Growth Hits Zero – Industry Reaction
The latest data from the Office for National Statistics (ONS) has revealed that the UK’s GDP growth remained flat between…
Rising Rent and Mortgage Costs Challenge UK Households Despite Economic Optimism
As the UK wrestles with economic pressures, new data sourced from millions of Barclays current accounts reveals a significant uptick…
CBI Optimistic About UK Economy as GDP Growth Projections Rise
The Confederation of British Industry (CBI) has recently updated its GDP growth forecasts for the UK, reflecting a more optimistic…
Consumer Finance Sees 9% Growth in April Amid Positive Economic Indicators
In a significant uptick, the UK’s consumer finance sector experienced a 9% growth in new business in April 2024 compared…
Asset Finance Sector Witnesses Remarkable Growth in April 2024
The asset finance industry in the UK experienced a substantial surge in April 2024, with new business growing by 31%…