Abstract
Overview
Introduction
2005 saw a number of macro-economic indicators, which had previously
contributed to a declining non-standard population, change direction. So, what
effects have these developments had on the size of the non-standard population
in the UK and how will they affect its size in the future? Datamonitor's UK
Non-standard and Sub-prime Consumers 2006 report provides the answers.
Scope
- Sizes the UK non-standard population.
- Discusses the key economic factors driving the non-standard population in
the UK.
- Provides three scenario-based forecasts for the UK non-standard population
to 2010.
- Provides insight on how a changing non-standard population will affect
lenders.
Report Highlights
In 2005, 9.1 million individuals were systematically refused credit by
mainstream lenders. However, 2005 was a turning point as a number of factors
that had previously contributed to a declining non-standard population changed
direction, including unemployment, mortgage arrears and repossessions, and
County Court Judgments (CCJs).
The Government has implemented a number of initiatives aimed at tackling
poverty and financial exclusion. While some of them, such as the New Deal for
long-term unemployed have met considerable success, others have been less
popular.
Given that the non-standard population is to increase, there will be bigger
opportunities for non-standard lenders, as they will benefit from a greater
pool of customers. Such opportunity will bring increased competition and
innovation to the market.
Reasons to Purchase
- Identify and evaluate macroeconomic drivers that are affecting the
non-standard population in the UK.
- Gain a thorough understanding of social factors affecting non-standard
lending in the UK.
- Plan your future business strategy in confidence using Datamonitor's
five-year forecasts of the size of the non-standard population.
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