Reports and Intelligence announced new report on Consumer Credit in the UK - Key Trends and Opportunities Market, Opportunities, Forecast, 2018

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Consumer Credit in the UK - Key Trends and
Opportunities to 2018

Published Timetric
No of pages 81
Date November 2014
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Description


Synopsis This report provides market analysis,
information and insights into the UK consumer
credit industry It provides a breakdown of the
different forms of consumer credit in the UK It
analyzes drivers and the outlook for the
market  It provides information on the main
banks in the UK market It covers news and
regulatory developments Scope This report
provides market analysis, information and
insights into the UK consumer credit industry
It provides a breakdown of the different forms of
consumer credit in the UK It analyses drivers
and the outlook for the market  It provides
information on the main banks in the UK market
It covers News and regulatory developments
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Description


Consumer credit increased throughout 2014, as
economic recovery gained momentumConsumer credit
growth has shown consistent signs of growth in
2014, for the first time since before the
financial crisis. This is in a large part due to
consumer confidence also recording a positive
number for the first time since the credit
crunch, low interest rates and a steadily growing
GDP, as nearly every category of lending has
grown up to July 2014.Record-low interest rates
on personal loans driving other loans and
advancements categoryHSBC became the first
lender to break the 5 interest rate barrier for
its GBP7,50015,000 personal loan, which launched
a price war between mainstream lenders, as each
bank or building society tried to get to the top
of the comparison tables. Detailed report at
http//www.reportsandintelligence.com/consumer-cre
dit-in-the-uk-key-trends-and-opportunities-to-2018
-market
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Description


Consumer confidence and demand and availability
both improving in 2014Consumer confidence was
positive in July 2014 the first time since
before the financial crisis, with a score of 1
for the month and the indexs recent surge has
helped to drive the consumer credit industry
during this year. The index averaged -29.1 in
2012 and -19.9 in 2013, but just -6.8 in 2014.
This improvement is expected to continue, as it
has risen throughout 2014, although the BoE
increasing the central bank rate could set it
back temporarily. Motor finance continues to
record extraordinary growthMotor finance is the
only typical form of consumer credit that has
recorde substantial growth for a prolonged
period. Both the number of new cars bought from
dealerships and the value of advances paid on new
cars have grown monthly on the previous year,
staying at consistently above 20 since the
beginning of 2012.
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Key Highlights 

• Consumer credit growth has shown consistent signs
  of growth in 2014, for the first time since
  before the financial crisis. This is in a large
  part due to consumer confidence also recording a
  positive number for the first time since the
  credit crunch, low interest rates and a steadily
  growing GDP, as nearly every category of lending
  has grown up to July 2014.Demand for and
  availability of credit also grew in both the
  second and third quarters of 2014, which has been
  a key factor. 
• Enquire about Report at http//www.reportsandinte
  lligence.com/enquire-about-report/153060

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Table Of Content

• Executive Summary
• Introduction
• Market Analysis
• Consumers
• Market Outlook
• Completive Landscape
• Regulation and Policy
• Get full TOC at http//www.reportsandintelligence
  .com/consumer-credit-in-the-uk-key-trends-and-oppo
  rtunities-to-2018-market/table-of-contents

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-market
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