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In the Press

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...

16th April

In the press

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...

28th March

In the press

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.

27th March

In the press

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.

25th March

In the press

Second charge mortgage new business volumes grew by 2% in January 2024

The second charge mortgage market reported a second consecutive month of new business volumes growth and the first growth in the value of new business since June 2023

20th March

In the press

First-time buyers stretching mortgage repayments as 35 years mortgages rise

Almost one in five first-time buyers (FTB) are now stretching their mortgage repayments over 35 years, according to new figures from UK Finance.

18th March

In the press

Credit card complaints hit all time high

Latest data from the Financial Ombudsman Service (FOS) has found that credit card complaints reached a record high in Quarter 4 2023, with consumers lodging 5,660 complaints.

14th March

In the press

NatWest ditches BNPL

British bank NatWest is killing off its buy now, pay later (BNPL) service less than two years after launch.

11th March

In the press

Retail sales growth slows in January

Latest British Retail Consortium (BRC) data has shown that sales were up by 1.2% year-on-year in January, marking a slowdown on the 1.7% rise recorded in December.

22nd February

In the press