According to the Office of Budgetary Responsibility (OBR) UK economic growth is strengthening and is reported to be growing faster than any other major economy – including France, Germany and America. Consumer confidence is rising rapidly, supported by a steadily strengthening housing market*.
As the UK’s economic recovery is gaining momentum and returning back to growth, anecdotal evidence points to a further acceleration in the third quarter – and consumer confidence is rising rapidly, supported by a steadily strengthening housing market**. Additionally, in Q1, demand for credit increased by 16.4%^. What could this increase in demand mean for your business?
Are you fully prepared to take advantage of the opportunities a strengthening economy can provide? One stumbling block which could hinder this massive opportunity is the efficiency of your scorecards. Increasing growth and reducing risk is crucial to offering the right product at the right time – which is just not possible if your scorecards are out of date.