Founding member of the Monetary Policy Committee Charles Goodhart has suggested that interest rates could be cut to 0%.
Mr Goodhart told Channel 4’s Dispatches programme that “interest rates will go down… by how fast nobody knows. They could go to zero.”
He also referred to this happening in Japan in the 1990s, during a recession in [...]

TDX Group, the debt management providers to creditors, has released some revealing market data this week.
The data, known as the TDX Group Debt Index, indicates that conditions for creditors to collect debts such as secured loans has worsened.
The index shows that the current economic climate puts creditors in the worst position since 2002.

[...]

BDS Secured Loans has expanded its team by hiring two new underwriters.
With more secured lending companies being set up every month, the news comes as further evidence of the increasing demand for secured loans.
BDS has hired Kim Osborne and Zoe Kitson, who both possess many years of experience.
The expansion comes as new sourcing software has led [...]