- Santander cancels new CEO appointment due to 'unacceptable costs’
- New taskforce created to counter corruption and fraud
- HSBC settles $250bn of FX transactions using DLT
- GHOS endorses market risk capital framework and Basel Committee work programme
- UK Finance responds to meaningful vote on Brexit deal
- Société Générale publishes update on Q4 18 Group performance
- Brexit deal means nothing unless it considers threats to financial services, says ArchOver expired
- Study finds a third of adult children have never discussed finances with their parents expired
- Bank of America reports record earnings for 2018 expired
- Citigroup reports healthy profit for 2018, after net loss in 2017 expired
- Goldman Sachs posts double-digit revenue growth for 2018 expired
- Wells Fargo made significant progress on goals in 2018, says CEO 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.”