Economic News | Lending Works Blog

What does the election result mean for the UK economy?
Michael Todt - 14 June 2017
Although the polls had narrowed significantly in the build-up to Election Day on Thursday 8^th June, many were in shock when exit poll results that evening suggested a hung parliament was on the cards.
Our view of the property market
Michael Todt - 11 May 2017
One of the points raised by the Remain camp during the EU referendum debate last year was that Brexit risked sending the property market into a spiral.
Could a UK recession be on its way?
Michael Todt - 27 April 2017
“No more boom and bust!” was the repeated battle cry of then-Chancellor Gordon Brown, as Labour swept into power in 1997.
Is the new NS&I savings bond the silver bullet for savers?
Michael Todt - 20 April 2017
Philip Hammond may look back on his rather acrimonious Spring Budget and feel the need to cringe.
BOE rates: Hope for savers at last?
Michael Todt - 22 March 2017
If the past nine months have taught us anything, it’s that currency can be a particularly volatile economic metric.
The Spring Budget in review
Michael Todt - 9 March 2017
An upbeat Budget? One of prudence? One of tax raiding? Or one of ‘utter complacency’?
2008 crisis: When Britain stood on the brink
Michael Todt - 1 February 2017
It was revealed this week that the Treasury has now recouped £18.5 billion, and thus more than 90 per cent, of the rescue package the then-Labour Government put forward to bail Lloyds Bank out during the 2008 financial crisis.
Are we headed for £2 trillion in national debt?
Michael Todt - 26 January 2017
“We’ll be back in the black by 2020!” was George Osborne’s persistent war cry during his time as Chancellor of the Exchequer.
What does 2017 have in store for the economy?
Michael Todt - 5 January 2017
We’ve written previously about the prospects for peer-to-peer lending in 2017, and the reasons for optimism among platforms following a memorable year for Lending Works.
The UK’s inflation conundrum
Michael Todt - 15 December 2016
The UK’s economy has shown remarkable resilience since the Brexit vote in June, but figures released by the Office for National Statistics (ONS) this week pertaining to the cost of living will have concerned some consumers.
Is credit card debt a sustainable fuel for our economy?
Michael Todt - 1 December 2016

Featured

Credit risk performance update - January 2020
Ines Maia - 29 January 2020
In line with our risk management framework, today we published our Q4 2019 performance update.
Lending Works ranks 21st in the Sunday Times Hiscox Tech Track 100
Scott Robertson - 6 September 2019
As a platform, we take great pride in all that we've achieved since opening our doors for business nearly six years ago. We’ve
New product updates live!
Scott Robertson - 22 July 2019
Since opening our doors back in 2014, we’ve always prided ourselves on living and breathing two key principles at Lending Works: innovation, and putting the customer first in everything we do.
What is Retail Finance?
Scott Robertson - 28 June 2019
With the retail sector enduring its fair share of challenges, companies are looking at new ways to attract customers, and drive conversion. In an overcrowded, dog-eat-dog marketplace, with behemoths such as Amazon flexing their muscle, it’s easier said than done.
A guide to the new peer-to-peer lending FCA regulations (PS19/14)
Scott Robertson - 14 June 2019
On 4 June 2019, the Financial Conduct Authority (FCA) released its new regulatory framework for peer-to-peer lending (P2P); a Policy Statement known as PS19/14. As you might imagine, it's a document which, following a three-month consultation, is a hefty read of no fewer than 102 pages.
How risky are IFISAs?
Scott Robertson - 22 March 2019
When it comes to investing, there are numerous questions that need to be asked, and lots of things which need to be properly understood before committing your hard-earned money

Most popular

How to improve conversion rates
Scott Robertson - 28 June 2019
In a difficult climate, customer acquisition and lead generation present stern challenges for UK retailers, and a great deal of marketing spend invariably gets directed towards getting feet through the door.
5 ways to improve customer retention
Scott Robertson - 27 June 2019
There is a variety of literature and research illustrating the importance of building brand loyalty, albeit with some degree of variance.
The rise of challenger banks
Michael Todt - 21 April 2016
Over the last decade, there can be little dispute that the reputation of mainstream banks – and particularly the so-called ‘Big Four’ (HSBC, Barclays, Lloyds and RBS) – is at its lowest ebb.
Peer-to-peer lending explained
Nicholas Harding - 2 March 2015
The idea of peer-to-peer (P2P) lending is a simple one; you lend money to those who wish to borrow, with a view to receiving a great return for doing so.
FCA regulation of the peer-to-peer lending industry
Nicholas Harding - 18 April 2014
The peer-to-peer (P2P) lending industry is now regulated by the Financial Conduct Authority (FCA). The regulatory framework has been designed to protect customers and promote effective competition.

Recent

Why do asset prices keep climbing?
Anthony Burgess - 25 February 2020
In a decade of slow recovery, the rapid rise in asset prices has been the standout. But how sustainable has price growth been, and could we be in the midst of a bubble?
Fear not for British retail – an exciting future awaits
Robbie Humphreys - 19 February 2020
Summary of a post.
Income Tax: It’s here to stay
Anthony Burgess - 11 February 2020
Most people consider income tax to be a given, but in the UK it is barely two centuries old. In this article, we look at how this tax has developed over the years, and also why it is set to remain at the core of our tax system for many decades to come.
Open banking: slow, but steady progress
Anthony Burgess - 5 February 2020
Open banking celebrated its second birthday last month, but has the ‘revolution for financial services’ that was promised actually come to pass? In this article, we look at the progress the initiative has made so far, and what the future holds in the face of high levels of scepticism.
Has the energy price cap worked?
Anthony Burgess - 28 January 2020
On the face of it, a 'broken' energy market needed fixing, and the price caps introduced in early 2019 were heralded as the solution. But, one year later, have they actually helped consumers save?
Should falling inflation yield a rate cut?
Anthony Burgess - 21 January 2020
Last week, the Office for National Statistics surprised economists by announcing that the Consumer Price Index (CPI) had sunk to 1.3 per cent for December – a full 20 basis points lower than City expectations, and also the November equivalent.

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