- Wells Fargo to reduce workforce by up to 10% in ongoing transformation
- Barclays launches initiative to build thriving local economies
- EU banks’ funding plans indicate increased appetite for client deposits and market-based funding
- CMA launches review as PayPal completes acquisition of iZettle
- Fraud now more common than burglary, says UK Finance
- Avaloq upgrades open software architecture for banks and wealth managers
- Fintech Trade Association launches North American arm expired
- BNY Mellon Investment Management launches Japanese investment fund expired
- Two thirds of parents expect to spend over £17k to support their future student through university expired
- UK Treasury's 'proactive' approach to cryptocurrencies welcomed by deVere expired
- CaixaBank agrees the sale of its stake in Repsol after 22 years expired
- EBA calls “back-to-back” trading an indispensable “backbone” of global finance 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.”