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UK payments fall as Covid-19 curbs spending habits

UK payments fall as Covid-19 curbs spending habits

The total number of payments in the UK in 2020 fell for the first time in six years as the pandemic forced a curb in consumer spending

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UK payments fall as Covid-19 curbs spending habits
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UK payments fall as Covid-19 curbs spending habits

18 Jun 2021Jenny Turton
The total number of payments in the UK in 2020 fell for the first time in six years as the pandemic forced a curb in consumer spending

More news

The Law Society publishes fourth edition of Insolvency Law Handbook 

The Law Society publishes fourth edition of Insolvency Law Handbook 

Turnaround, Restructuring and Insolvency news10 Jun 2021
First published in 2005 and last published in 2013, the fourth edition of the Insolvency Law Handbook - authored by Howard Kennedy partner Vernon Dennis - has now been published
FSE expands its team and rebrands to FSE Media

FSE expands its team and rebrands to FSE Media

News09 Jun 2021
Financial event organisers FSE has announced a new team as it looks to revamp its offering in response to changing markets and demands
Second charge mortgage market returns to growth

Second charge mortgage market returns to growth

News07 Jun 2021
The second charge mortgage market returned to growth in April as new business volumes grew 176% during the month
Government urged to include leasing in super-deduction allowance

Government urged to include leasing in super-deduction allowance

News07 Jun 2021
The Financial & Leasing Association has called on the government to recognise the importance of the asset finance market and extend the super-deduction allowance to include leasing
Ofcom urged to step in over unaffordable broadband

Ofcom urged to step in over unaffordable broadband

News07 Jun 2021
Citizens Advice is calling on Ofcom and the Department for Digital, Culture, Media and Sport to ensure all broadband providers offer affordable deals to those on low incomes, as 700,000 people fall into the red on their bills

Trending

Rob Thompson

Opinion: What price justice?

08 Jun 2021Rob Thompson
The current plans to align online money claims fees with paper application fees are nothing short of scandalous, argues Rob Thompson, chair of the Civil Court Users Association
Read more

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For crown and country: How government debt collection reforms are becoming a reality

For crown and country: How government debt collection reforms are becoming a reality

Edition’s highlights:

→ How conduct and capability could change in government debt collection

→ Stephen Haddrill, director general of the Finance & Leasing Association, outlines his reflections on the Woolard Review – and the reforms to consumer credit legislation his members really need

→ Managing director for Experian UK and Ireland describes why human adaptability is fantastic
Read the issue

The CS Interview

Premium: Yorkshire Building Society’s Tracey Newton on scaling the lender’s reward offering to its staff

Premium: Yorkshire Building Society’s Tracey Newton on scaling the lender’s reward offering to its staff

19 Feb 2020Amber-Ainsley PritchardAmber-Ainsley Pritchard
Tracey Newton of Yorkshire Building Society discusses innovating a reward strategy to serve nearly 4,000 people, whatever stage of their life or career they are in
Read full interview

Opinion

Rob Thompson

Opinion: What price justice?

08 Jun 2021Rob Thompson
The current plans to align online money claims fees with paper application fees are nothing short of scandalous, argues Rob Thompson, chair of the Civil Court Users Association
Shiona Crichton

Opinion: Open banking for social good

01 Jun 2021Shiona Crichton
Open banking has a critical role to play for the under-served, in ensuring the digital transformation in financial services does not leave them behind. Shiona Crichton, of not-for-profit lender Moneyline, explains why
Phil Andrew

Opinion: The thorny problem of Covid-related rent debt 

25 May 2021Phil Andrew
There are many paradoxes for which debt advice charities are looking for the answers. An immediate issue, however, is the fate of 500,000 renters in arrears, writes Phil Andrew
Women in Credit Awards 2021
30 Sep

Women in Credit Awards 2021

London, United Kingdom
Car Finance Awards 2021
5 Oct

Car Finance Awards 2021

Manchester, United Kingdom
Vulnerability Awareness Gala 2021 - featuring CCS Awards & U&T Awards
6 Oct

Vulnerability Awareness Gala 2021 - featuring CCS Awards & U&T Awards

Manchester, United Kingdom
Lending Awards 2021
9 Nov

Lending Awards 2021

Manchester, United Kingdom

Features

UK banks report mixed operating income results in Q1 of 2021

UK banks report mixed operating income results in Q1 of 2021

14 Jun 2021Thomas ParkerThomas Parker
Santander, HSBC and Barclays have all recorded operating income increases as some of the UK’s biggest banks begin to publish their first quarter results

Credit 500 - an index of influence

Credit 500
Alex Ellerton

Alex Ellerton

Partner
Grant Thornton
Andrew Brameld

Andrew Brameld

Managing Director – Motor Finance
BNP Paribas Personal Finance UK
Cyrille Sallé de Chou

Cyrille Sallé de Chou

Chief Risk Officer
HSBC
David Poole

David Poole

Chief Risk Officer
Vanquis Bank
Doriana Iovino

Doriana Iovino

Director Chief Credit Risk Officer
American Express
View Credit 500

Webinar recordings

Listen on demand webinar - How open banking can ensure responsible lending growth

Listen on demand webinar - How open banking can ensure responsible lending growth

This on-demand webinar with Credit Kudos and a ...
Available on demand: Tracking the car finance market’s recovery 

Available on demand: Tracking the car finance market’s recovery 

Credit Strategy’s webinar on tracking recovery ...
Listen on demand: Compliant expansion - understanding the international payments landscape

Listen on demand: Compliant expansion - understanding the international payments landscape

Credit Strategy members can now listen on demand ...
Listen on demand: Webinar - Tracking confidence in Car Finance

Listen on demand: Webinar - Tracking confidence in Car Finance

Credit Strategy is hosting a webinar, in ...

Insight tools

Speaker Interview: Experian's Rob Haslingden

Credit Strategy speaks to Experian’s Rob Haslingden at the Lending Summit 2019

Speaker Interview: Experian's James McGarva

Credit Strategy speaks to Experian’s James McGarva at the Lending Summit 2019

Speaker Interview: Experian's Emma Davies

Credit Strategy speaks to Experian’s Emma Davies at the Lending Summit 2019
More insight tools

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Magazine digital editions

For crown and country: How government debt collection reforms are becoming a reality
Ethical enforcement: A special report from Court Enforcement Services
Open banking unlocked: A study into the deployment of consented data
Network television: How the Credit Festival united industries
The personal touch: How lenders are supporting vulnerable customers through the pandemic
Great expectations: Why mortgage customers affected by Covid need innovative new products
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