The report discusses the growth of private debt and credit in the UK, driven by the aftermath of the global financial crisis and the pullback of traditional lenders. Private debt assets under management reached $1.3tn by March 2022 and are expected to increase by a CAGR of 10.8% between 2021 and 2027, reaching $2.3tn in 2027. The report highlights the benefits of private debt for both borrowers and lenders, including good returns for investors and access to new sources of funding for businesses. The report also mentions the potential for frictionless online banking and the need to address the UK's financial literacy gap.
