The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreOct 2020
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The spread of COVID-19 severely affected the card lending market in the UK in 2020. The 3-month lockdown led to the closure of many businesses, which left households with reduced income and financial difficulties.
Non-card consumer credit lending categories have all been negatively impacted by the consequences of the pandemic, with most categories recording a double-digit decline in terms of new loan applications. Many households prioritised spending on essentials, such as groceries, and put on hold the purchase of durable goods, like household consumer electronics or automobiles.
The UK Government announced the launch of payment holidays in March 2020 to support borrowers needing help. The initial 3-month scheme, which offered a break from debt repayment, was extended to six months until the end of October.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Files are delivered directly into your account within a few minutes of purchase.
Discover the latest market trends and uncover sources of future market growth for the Consumer Credit industry in United Kingdom with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Credit industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s Consumer Credit industry reports, originate from our Passport database, to find out more click here.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.