UK consumer debt double that of average european

It says the UK consumer credit market hit €314bn (£215bn) in 2005 but is now reaching saturation point with Datamonitor suggesting UK lenders would be better off looking overseas for business. The UK consumer credit market has been growing slowly in recent years, and will continue to grow at a slower pace than countries such as France, Ireland and Spain. The fastest growing Western European markets are Turkey and Greece, the reports says. “These markets are where the real opportunities exist, but only for players brave enough to enter,” Paul Marsh, financial services analyst at Datamonit...