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Financial Times
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UK consumer credit

  • Wednesday, 13 November, 2024
    InterviewMy Financial Life
    ‘Winning The Apprentice was great. But I’d like to go solo now’

    Tom Pellereau, founder of Stylideas, on how the television show changed his life

    Tom Pellereau at Stylideas’ headquarters in Hertfordshire
  • Friday, 8 November, 2024
    John Gapper
    British banks face an expensive motor finance crash

    Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lenders

    Cars on a lot outside a car showroom at Arnold Clarke car dealership in Warrington
  • Wednesday, 6 November, 2024
    Automobiles
    UK motor finance in disarray after court rules against hidden commissions

    Major providers have stopped lending or paused commissions as they race to assess implications

    Selection of secondhand BMW cars for sale in the UK
  • Tuesday, 29 October, 2024
    Banks warn UK Treasury of risk of sector turmoil after car finance ruling

    Lenders meet government officials and regulators over fallout from court judgment on ‘secret’ auto loan commissions

    Selection of secondhand BMW cars for sale in a garage forecourt, UK
  • Wednesday, 19 June, 2024
    UK mortgage rates
    Credit card debt hits UK mortgage affordability

    Outstanding card balances on the rise as interest rates remain high

    A pile of assorted credit cards
  • Friday, 1 March, 2024
    UK credit card complaints hit a record high

    Average annual percentage interest rate has risen to 34.7 per cent

    A pile of credit cards
  • Tuesday, 27 February, 2024
    Financial services
    Vulnerable UK consumers increasingly shut out of ‘broken’ regulated loan market

    Non-prime market for high-risk credit shrank by more than a third since 2019, according to study

    A buy now, pay later app on a mobile phone
  • Friday, 26 January, 2024
    Q&A
    Need to Know: Am I eligible for car finance compensation?

    ‘Tsunami of claims’ coming after regulator’s probe

  • Wednesday, 29 November, 2023
    Mortgages
    UK mortgage approvals beat forecasts to hit 3-month high

    Bank of England data points to stabilisation in property market after long period of low house sales

    A man passes an estate agents window
  • Wednesday, 22 November, 2023
    Rich People’s ProblemsJames Max
    The best things in life are anything but free

    So how can you continue to enjoy the luxuries life has to offer?

  • Monday, 7 August, 2023
    UK financial regulation
    UK ministers accused of inaction over ‘buy now, pay later’ lenders

    Labour calls for a crackdown on ‘bad actors’ as interest-free products rise in popularity

    Buy now, pay later deals have surged among all age groups in the UK
  • Monday, 31 July, 2023
    UK economy
    UK mortgage approvals and consumer credit jump despite higher rates

    Surprise data comes ahead of Bank of England meeting this week

    An estate agent’s sign outside a house in Cambridge
  • Friday, 21 July, 2023
    Consumers face rising borrowing costs as interest-free deals shrink

    Fall in demand for car loans and new credit cards

    A person taps with a card to pay for shopping
  • Friday, 21 July, 2023
    Consumer Duty
    Can the UK financial regulator really end rip-offs?

    New Consumer Duty regulations are, in principle, good for investors, but time will show what they mean in practice

  • Friday, 26 May, 2023
    Personal Finance
    Car buyers: how to steer through the labyrinth of choice

    New vehicles rise in price as electric options become more popular

  • Thursday, 13 April, 2023
    UK lenders report rise in household and company defaults

    Bank of England’s quarterly survey points to squeeze on borrowers caused by increase in interest rates

    Bank of England
  • Thursday, 23 February, 2023
    James Max
    Rich People’s Problems: I just haven’t got enough money

    Where do I start if I want to take a hatchet to personal spending?

  • Tuesday, 14 February, 2023
    UK financial regulation
    UK debt charities welcome crackdown on ‘buy now, pay later’ lenders

    Government aims to put legislation before parliament later this year

    Person holding a smartphone with a ‘buy now, pay later’ logo on screen
  • Tuesday, 14 February, 2023
    Amigo Holdings PLC
    Amigo avoids £73mn fine due to ‘serious financial hardship’

    UK financial regulator said ailing company needed to preserve funds to repay customers

    The Amigo logo shown on a smartphone screen in front of a computer screen
  • Monday, 13 February, 2023
    FCA to gain powers to crack down on ‘buy now, pay later’ firms

    Draft UK government proposals would bring regulation to fast-growing market dubbed the ‘wild west of credit’

    Buy now pay later online shopping service on smartphone
  • Wednesday, 11 January, 2023
    Cost of living crisis
    More than 750,000 UK households at risk of mortgage default, says regulator

    Financial Conduct Authority warns on mounting danger of ‘payment shortfall’

    A street of terraced houses in London
  • Monday, 31 October, 2022
    UK mortgage approvals and consumer lending fall as rising prices bite

    BoE data point to slowdown in property market even before mini-Budget and households building cash buffers

    People at an estate agent in London
  • Thursday, 29 September, 2022
    FT live news
    Live news updates from September 30: S&P downgrades UK outlook, UK pension funds sell off assets
  • Tuesday, 30 August, 2022
    Cost of living crisis
    UK consumers turn to credit cards as cost of living crisis bites

    Fastest rise in borrowing since 2005 suggests households are ‘battening down the hatches’ ahead of winter

    A credit card is used
  • Wednesday, 10 August, 2022
    The Wealth ManJason Butler
    Are you heading for a financial car crash?

    Millions wedded to high spending levels despite the worsening economic climate

    People holding glasses of wine
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