Tag: consumer credit

Consumer credit flat – money supply falls

Consumer credit flat - money supply falls

The economic crisis is making consumers wary of taking on more debt, according to the latest figures from the Bank of England. The amount of consumer credit totalled £0.9 billion in October, the same as for the previous month, and only slightly higher than the six month average of £0.8 billion, suggesting that pressure on [...]

November 30, 2011 | 0 Comments More
Government fails to tackle loan sharks

Government fails to tackle loan sharks

The Government’s failure to act against legal loan sharks yesterday has angered pressure groups. As part of its review on consumer credit, the Government announced a voluntary deal for High Street stores to stop offering discounts to tempt customers to sign up for store cards. However, it failed to cap the interest rate charged on [...]

November 22, 2011 | 0 Comments More