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Merrill says household borrowing will remain buoyant

Merrill Lynch, Mortgages PLCs new parent, says household sector borrowing in the UK is not about to collapse.

A Merrill Lynch research report published this morning says: “In the UK the question is whether household sector borrowing is about to collapse or moderate towards a steady growth rate. Our view remains that household sector borrowing will not collapse since interest rates remain low and the employment and income outlook is benign.

“In equity strategy we have a neutral rating on the UK, based on the view that, while the housing market and mortgage borrowing is slowing, consumer spending should be resilient.”


FSA could be reformed to reduce regulatory burden

The Financial Services Authority could be reformed to reduce the regulatory burden on small businesses, under plans revealed in the chancellor’s pre-Budget statement last Thursday.

Financial health matters

In the first of a two-part article, I argue the benefits of the increased availability of credit against any form of regulatory and state control over personal borrowing.

SPML deploys Vignette technology

Southern Pacific Mortgages Limited, says it has revolutionised its business processes by deploying Vignette IDM to electronically store and process all of its customer records. The firm says that customer service delivery has already improved by 40% in key areas. By increasing its efficiencies so significantly, the company is aiming for increased growth over the […]

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Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


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