Lisa Fretwell Managing Director of Data Services at Experian
Covid-19 has had a profound financial impact on everyone, with 40% of people experiencing a pandemic-related income shock. While some can fall back on their savings or access credit to soften the blow, it can be much more damaging for those who are financially excluded. This consequence can be severe and far-reaching – affecting someone’s educatio...
12 April 2021 /people /inclusion Financial Inclusion
When Chancellor Rishi Sunak stood up in parliament to increase the stamp duty threshold to £500,000 until March next year, he intended to wake the UK’s property market from its slumber. The Covid-19 pandemic put any plans people had for moving on hold. In the middle of April, our data shows mortgage applications dropped to a fifth of the levels rec...
30 July 2020 /retail /covid-19 Open Banking
What can you do to support financially stressed customers? That’s the big question facing financial services right now, as rapid changes to millions of people’s incomes, triggered by the Covid-19 outbreak, mean lenders are being looked to for additional help over the coming months. Latest figures from the Office for National Statistics revealed al...
08 June 2020 /inclusion /covid-19 Contributed Data
The circumstances we find ourselves in are unparalleled and changing daily. The way we prepare to weather the impact in the short term will be key to making sure its long-term effects are contained as much as possible – both for our customers and for our own businesses. However, even during these challenging conditions, across all industries we ar...
23 April 2020 /covid-19 Trends in Financial Services
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