Unsecured debt at its highest level for a decade
Latest analysis by StepChange Debt Charity has revealed that there is growing financial insecurity among its clients, with the average person coming to the charity for help having more debt and less money to pay towards it each month.
Read More
Consumer finance new business grew by 2% in January 2024
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in January 2024 by 2% compared with the same month in 2023. In the twelve months to January 2024, new business was 2% lower than in the same period in 2023.
Read More
Rise in consumer credit signals revival in spending
Latest data from the Bank of England has shown that consumer credit rose more than expected to £1.9 billion in January, up 8.9% from £1.3 billion on the previous month, adding to signs of a revival in spending.
Read More
UK set for soaring digital wallet adoption
By 2027, digital wallets are expected to comprise half of all e-commerce spend in the UK, worth £203.5 billion. Projections also estimate that digital wallet usage will more than double at UK point-of-sale, rising from 14% to 29% of transaction value over the next three years.
Read More
Freemans unveils first customer credit offer in 13 years
Freemans is launching its first new customer credit offer in 13 years, Flexi3, which it will promote across all its owned channels as well as above the line, social, digital and TV.
Read More
Consumer card spending at lowest point since 2022
Consumer card spending grew just 1.9 per cent year-on-year last month, significantly lower than the latest CPIH inflation rate of 4.2 per cent and the smallest growth since September 2022.
Read More
