TITLE

UK credit industry raises concern over proposed Consumer Credit Directive

PUB. DATE
February 2007
SOURCE
Credit Control;2007, Vol. 28 Issue 2, p64
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the independent analysis of Oxera company concerning the European Union Consumer Credit Directive proposed by Brussels, Belgium. The study revealed that the credit law proposal would mean consumers are likely to find it difficult and less convenient to have credits approved. It also suggested that the proposal would have a damaging effect on the British economy, reducing consumer spending by £1.4 billion and gross domestic product by £850 million.
ACCESSION #
25139458

 

Related Articles

  • Recovery will be slow, says CBI.  // Credit Management;Jul2002, p10 

    Reports the slow economic recovery in Great Britain. Comparison of gross domestic product growth; Decline in consumer spending; Increase in exports.

  • UK GDP up to 0.4% in April. Romeo, Valentina // Money Marketing (Online Edition);5/12/2015, p1 

    A report from the independent research firm National Institute of Economic and Social Research reveals the 0.4 percent growth of the gross domestic product (GDP) in Great Britain is presented.

  • Worsening UK prospects. Kern, David // Accountancy;Jul2005, Vol. 136 Issue 1343, p66 

    Looks at the economic conditions in Great Britain as of July 2005. Percentage decrease in GDP growth; Factors that will weaken consumer spending; Causes of limitation in exports growth.

  • Economic Structure and Context: Development and Strategy.  // United Kingdom Country Monitor;Feb2012, p21 

    The article discusses the economic structure of Great Britain relevant to its strategy for development. It says that Great Britain is considered the third biggest nation in terms of gross domestic product (GDP) in the European Union (EU) and is holding the six placed position for the largest...

  • Economic review. Chowdhury, Anis // Economic & Labour Market Review;Nov2008, Vol. 2 Issue 11, p6 

    GDP output contracted in 2008 quarter three - driven by negative growth in services, manufacturing and construction output. On the expenditure side, household spending and business investment showed a weak position in the second quarter. The current account deficit widened in quarter three,...

  • Fixed investment and de-stocking lead the fall in total expenditure.  // Economic & Labour Market Review;Jul2009, Vol. 3 Issue 7, p7 

    The article reports on the decline of gross fixed capital formation (GFCF) and de-stocking companies during the recession in Great Britain as of 2009. It states the role of household spending in promoting expenditure patterns, despite its inability to show a degree of so-called pro-cyclical...

  • Medium- and Long-Term: Outlook.  // United Kingdom Country Monitor;Nov2011, p28 

    The article offers information on the economic forecast of Great Britain. It says that the gross domestic product (GDP) of the country is expected to grow by only 0.9% in 2011, 0.8% in 2012, and 2.4% in 2014, in which it will reach 2.6% in 2015, and consumer spending will increase gradually in...

  • Balancing act. Kern, David // Accountancy;Aug2001, Vol. 128 Issue 1296, p77 

    This article examines the economic imbalances in Great Britain as of August 2001. The state of the British financial markets has changed dramatically since June. Previous expectations on the cutting of interest rates to counter the adverse effects of the global economic slowdown have been...

  • Economic review. Chowdhury, Anis // Economic & Labour Market Review;Sep2008, Vol. 2 Issue 9, p6 

    GDP output slowed in 2008 quarter two compared with the previous quarter -- driven by slowing and subdued service sector output, together with a weakening in total production growth. Manufacturing output contracted sharply in the latest quarter following positive growth in the previous quarter....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics