Welcome!

News Feed Item

Consumer credit in the UK, key trends and opportunities up to 2017

LONDON, April 17, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

Consumer credit in the UK, key trends and opportunities up to 2017

http://www.reportbuyer.com/countries/europe/united_kingdom/consumer_credit_uk_key_trends_opportunities_2017.html

Synopsis

• This report provides market analysis, information and insights into the UK consumer credit market
• 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

Summary

After steadily declining from 2011, consumer credit growth showed early signs of an upturn in 2013. Fluctuations in consumer confidence and developments in the wider economy are key factors behind recent trends in credit growth. New loan products and changes in lending criteria have also been influential.

Lending on credit cards, motor finance and unsecured personal loans declined during the 2008–2012 review period as recession, high unemployment and high loan interest rates undermined consumer confidence and reduced their propensity to borrow for the purchase of high-value, discretionary items. Signs of a nascent recovery have been in evidence in 2013.

In contrast to standard lines of consumer credit, student loans and payday loans have registered strong growth over the 2008–2012 review period. Sustained growth in the former has been due to students borrowing more to cover a rise in university tuition fees, while tight lending conditions through conventional channels have fuelled the rapid increase in sums borrowed from payday loan companies.

The unbanked population played very little part in the traditional consumer credit industry as it has become increasingly difficult for a potentially high-risk customer to receive a loan from a retail bank since the financial crisis. The emergence of Payday loans, together with store credithave, however, played a role in granting these "sub-prime" groups access to forms consumer credit.

Scope

• This report provides market analysis, information and insights into the UK consumer credit market
• 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


Reasons To Buy

• Gain an understanding of the UK consumer credit industry

Key Highlights

After steadily declining from 2011, consumer credit growth showed early signs of an upturn in 2013. Fluctuations in consumer confidence and developments in the wider economy are key factors behind recent trends in credit growth.
Table of Contents
1 Executive Summary 2 Introduction 3 Market Analysis 4 Consumers 5 UK Retail Banks 6 UK Bank Profiles 7 Personal Loans Offered 8 News 9 Methodology

List of Tables

Table 1: UK ? Store Credit,(GBP Million), March 2013 23
Table 2: UK ? Store Credit,(GBP Million), June 2013 23
Table 3: UK ? Store Credit,(GBP Million), November 2013 23
Table 4: UK ? Loans and Overdrafts (GBP Billion), 2013 26
Table 5: UK ? Adult Population Not Benefiting From Banking, (Million), 2011 38



List of Figures

Figure 1: UK ? Consumer Credit Gross Lending (GBP Million), 2012–2013 9
Figure 2: UK ? Annual Consumer Credit Gross Lending (GBP Million), 2007–2016 10
Figure 3: UK ? Outstanding Consumer Credit (GBP Million), 2011–2013 11
Figure 4: UK ? Outstanding Consumer Credit Forecast (GBP Million), 2014 12
Figure 5: UK ? Outstanding Consumer Credit, Other Loans and Credit Cards (GBP Million), 2011–2012 13
Figure 6: UK ? Credit Card Gross Lending (GBP Million), 2012–2013 14
Figure 7: UK ? Outstanding Consumer Credit – Credit Card Loans (GBP Million), 2011–2013 15
Figure 8: UK ? Value of Credit Card Purchases (GBP Million), 2008–2015 16
Figure 9: UK ? Number of Credit Card Purchases (Million), 2008–2015 17
Figure 10: UK ? Value of Credit Card Purchases (GBP Million), 2012–2013 17
Figure 11: UK ? Number of Credit Card Purchases (Million), 2012–2013 18
Figure 12: UK ? Value of Credit Card Purchases (GBP Million), 2012–2013 19
Figure 13: UK ? Other Loans and Advances, Gross Lending, 2012?2013 20
Figure 14: UK ? Outstanding Consumer Credit, Other Loans (GBP Million), 2011–2013 21
Figure 15: UK ? Personal Loans, Gross Lending (GBP Million), 2011–2013 24
Figure 16: UK ? Personal Loans, Outstanding Amount (GBP Million), 2011–2013 25
Figure 17: UK ? Overdraft Lending, Combined Monthly Amounts Outstanding (GBP Million), 2008–2013 26
Figure 18: UK ? Personal Loans and Overdrafts, Monthly Growth Rate, 2008–2013 27
Figure 19: UK ? Interest Rates On UK Overdrafts (%), 2008–2013 28
Figure 20: UK ? Revenue For Arranged and Unarranged Overdrafts (GBP Million), 2007–2011 29
Figure 21: UK ? Motor Finance Dealership Lending, Value of Advances (Percentage Change on Previous Year), 2013 31
Figure 22: UK ? Motor Finance, Number of Cars Bought on Finance by Consumers Through Dealerships, 2013 31
Figure 23: UK ? Paydays Loans, Percentage of Revenue of Loans Rolled Over or Refinanced, 2012 33
Figure 24: UK ? Payday Loans, Percentage of Loans Rolled Over or Refinanced, 2012 33
Figure 25: UK ? Student Loans, Overall Amount Awarded (GBP Million), 2010–2013 35
Figure 26: UK ? Student Loans Breakdown, Total Amount Paid (GBP Million), 2010–2013 36
Figure 27:UK ? GFK Consumer Confidence Index, January 2012 to September 2013 39
Figure 28: UK ? Lending, Salaries, Inflation and Annual Increases (%), 2010–2012 41
Figure 29: UK ? CPI Monthly Inflation Rate (%), 2008–2013 42
Figure 30: UK ? CPI Annual Inflation Rate Forecasts (%), 2014–2020 42
Figure 31: UK ? Spending on Higher-Value Items, Monthly (GBP Billion), 2010–2013 43
Figure 32: UK ? Spending on Higher-Value Items, Annually (GBP Billion), 2008–2013 44




Read the full report:
Consumer credit in the UK, key trends and opportunities up to 2017

http://www.reportbuyer.com/countries/europe/united_kingdom/consumer_credit_uk_key_trends_opportunities_2017.html

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

 

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Outscale will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which i...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...