- TSB announces UK’s first fraud refund guarantee to protect customers
- Fed Board fines Standard Chartered for unsafe and unsound practices
- Santander offers to acquire the minority shareholders’ interests in Santander Mexico
- Signature Bank of Georgia begins trading on OTC Pink Market
- UniCredit to sell Italian consumer, unsecured, non-performing credit portfolio
- Credit Suisse creates Asia Pacific Trading Solutions
- Professor Kashyap and Michael Saunders reappointed to BoE Policy Committees expired
- Citi Q1 2019 results reflect progress on improving return on, and return of capital expired
- Goldman Sachs boss pleased with Q1 2019 performance expired
- JP Morgan publishes record results for Q1 2019 expired
- Wells Fargo Q1 2019 results show continued strong credit performance expired
- Brits use slang words for money, but few know what they actually mean expired
10th July 2018
Callcredit comment: "Slight rise in disposable income of UK households is good news for consumers"
Commenting on the "Alternative measures of UK households' income and saving: January to March 2018 statistical bulletin", Steve McNicholas, Managing Director–Credit and Marketing Data, Callcredit Information Group, comments “The slight rise in disposable income of UK households is good news for consumers, giving them more flexibility when it comes to making ends meet. With inflation rates stabilising and interest rates remaining the same(for now), as well as record employment rates, UK consumers are experiencing a respite from the challenging financial environment of previous months.
But in order to maintain this positive trend and avoid further strain on consumer finances, lenders must ensure they are using robust data to assess a borrower’s affordability. It’s about understanding the whole picture by spotting and acting early on warning signs. This will not only prevent borrowers from overextending themselves financially but it will ultimately better protect and future-proof our economy.”