We’ll bring you all the latest news from the financial sector, keeping you right up-to-date with everything you need to know regarding loans, financial products and services as well as anything else that might interest you.
In its efforts to maintain financial and monetary stability, the Bank of England conducts a quarterly survey to assess developments in the UK’s credit conditions. Bank and building society lenders participate in the survey, and a detailed report is published on it’s findings. Here is a summary of what was found in this year’s Q3 survey.
October 13, 2017
4:33 pm
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July 18, 20172:45 pm
This week lenders have found themselves under increasing pressure amid concerns over the consumer credit market. This follows the Bank of England’s recent directive which will see banks reserve a further £11.4BN in order to strengthen finances and mitigate the risk of bad loans.
July 4, 20174:00 pm
It’s been just over three weeks since UK voters took to polling stations and cast their votes on June 8th – a snap election which took place three years earlier than scheduled. This was called for by PM Theresa May in what was largely an effort to strengthen her hand in Brexit negotiations. What we saw however was a surprising result, one which neither the Conservative government or the financial markets had anticipated.
July 3, 20173:05 pm
With wage inflation still low and many families continuing to feel the pressure financially, cutting costs is uppermost in many householders’ minds in order to free up their disposable income. One key issue that keeps recurring in the media in particular is that of the cost of domestic energy, with the so-called ‘Big Six’ energy companies coming in for repeated criticism for their charges which are often perceived to be excessive, with profits at the core of their ethos.
September 10, 20159:00 am
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