interest rates
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Market Insight 11 MarCoronavirus prompts Bank of England to cut interest rate to 0.25%
The Bank of England has cut interest rates back to a record low of 0.25% in response to the economic impact of the coronavirus.
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Opinion 1 JulFCA calls time on Buy Now Pay Later interest charges, guest opinion
The Financial Conduct Authority (FCA) recently announced forthcoming changes to what has been a controversial area of consumer credit lending.
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Market Insight 2 Aug
Bank of England delivers interest rate rise to 0.75%
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
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Finance 14 DecDealers rethinking lending panels as ‘prime’ finance customers dwindle
Car dealers have started rethinking their lending panels as economic pressures start to spark a reduction in the number of customers meeting “prime lender criteria”.
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Market Insight 12 Dec
Inflation rises to six-year high of 3.1% in November
Inflation rose to a six-year high of 3.1% in November as retailers struggled against a squeeze on shoppers finances in the run-up to Christmas.
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Finance 1 DecStoneacre bucks interest rate trend for non-prime customers
Stoneacre Financial Services (SFS) is preparing to buck the interest rate trend to make car finance more attainable for non-prime customers.
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Latest News 24 NovCould UK car dealers escape the worst in 2018’s economy?
Automotive finance companies may be hit harder than car dealers by rising inflation & interest rates and falling consumer confidence
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Market Insight 16 Dec
NFDA welcomes continued low interest rate
The NFDA has welcomed the Bank of England’s decision to leave interest rates at 0.25%, stating that it “protects the interests of our industry”.
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Market Insight 4 AugBank of England cuts interest rate to record low of 0.25%
UK interest rates have been cut from 0.5% to 0.25% to the lowest level recorded.
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Market Insight 26 JulNegative interest rates could push banks to charge businesses for deposits
NatWest has written to businesses to warn it may have to charge to accept deposits if interest rates are cut below 0%.
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