8th July 2019
The Bank of England has revealed that British consumers owe a total of £72.9 billion on credit cards. Overall consumers debt – which includes cards, overdrafts, personal loans and car finance – stands at an […]
16th April 2018
Lenders have significantly reduced the availability of non-mortgage credit to households in the first three months of 2018, according to a survey from the Bank of England. Household credit: A Bank of England survey of […]
19th February 2018
Big increases in mortgage costs and other expenses will hit families hard if interest rates rise. A new study indicates that British households will spend almost a third more on their mortgages and other household […]
16th October 2017
The Bank of England has announced that UK lenders will be scaling back the provision of loans after repeated warnings about unsustainable lending on credit cards, car finance deals and other types of unsecured lending. […]
16th October 2017
The International Monetary Fund (IMF) has warned governments around the world about the impact of fuelling growth with debt-driven consumer spending. They say that after initially supporting economic growth, consumer debt begins to weigh down […]
4th September 2017
Evidence shows that more and more British consumers are paying with plastic, as figures show a rise in the use of credit and debit cards. The number of transactions carried out on cards grew by […]
21st August 2017
Ten years after the start of the financial crisis real wages have yet to recover to peak pre-crisis levels. Although the employment rate is the highest on record at 74.9%, experts argue that workers are […]
24th July 2017
Figures on inflation released this week defied analyst expectations and fell for the first time since October 2016. Analysts expected the consumer price index, which is used to measure inflation, to remain at its four […]