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Precious Plastic 2010 - Consumer credit in the UK
Adobe PDF Format - 570K
2009 has been a watershed year for consumer credit in the UK, with both lenders and borrowers reassessing their balance sheets. Historically high levels of bad debt, a growing regulatory burden, continuing funding and capital constraints and the toughest macro-economic environment in a generation are placing unprecedented pressure on UK lenders. As a result, consumers will face a reduction in the availability of credit and an increase in its cost.
This year’s publication also presents the findings of the latest PwC Credit Confidence survey which provides an important ‘street-level’ perspective on everyday debt repayment and credit issues.
© 2009 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
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