What Does Record-High Business Confidence Mean for the UK Economy?
What Does Record-High Business Confidence Mean for the UK Economy?
Inflation and Weather Woes: Why UK Consumers Are Cutting Back on Spending
Inflation and Weather Woes: Why UK Consumers Are Cutting Back on Spending
UK Consumers Tighten Purse Strings as Credit Borrowing Declines
UK Consumers Tighten Purse Strings as Credit Borrowing DeclinesLatest Articles
Interest Rates and Unaffordable Deposits Pricing Out First Home Buyers
High interest rates and unaffordable deposits are preventing many Europeans from buying their first home, while rising rents add further…
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…
Businesses Increasingly Use Credit to Ease Tax Burden
New research from Premium Credit reveals a significant rise in the number of businesses and individuals utilizing credit to cover…
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…
Debt Management on the Rise: 20% of Consumers Use Credit Scores to Pay Down Debts
In a recent study by TransUnion, it was found that nearly one in five consumers are leveraging their credit scores…
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…
Mortgage Arrears Reach Highest Level Since 2014 Amid Rising Financial Pressure
The UK’s housing market faces a concerning trend as the proportion of mortgage balances in arrears has risen to levels…
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…
Mortgage Market Moves: The Rapid Reduction in Average ‘Shelf-Life’
The dynamics of the UK mortgage market are rapidly changing, as evidenced by new data from Moneyfacts which reveals that…