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Experian, the credit data business which has its º£½ÇÊÓƵ HQ in Nottingham, said has seen its revenues have grown on the back of more customers using its services to show the impact of inflation on finances.

The FTSE 100-listed company, which provides credit checks for businesses and consumers, said sales were up 7 per cent for the six months to September 30, to $3.2 billion (around £2.7 billion), were driven by new products and new clients.

It also reported an 8 per cent rise in profits, with benchmark earnings at $881 million (£738 million).

Chief executive Brian Cassin said: “While we expect economic conditions to be tougher over the balance of the year, and face some stronger comparables in Q3 [the last three months of 2022], our full year expectations are unchanged.

“We expect organic revenue growth of between 7-9 per cent, total revenue growth of between 8-10 per cent and modest margin accretion, all at constant exchange rates and on an ongoing basis.

"With many households and businesses facing a difficult period of rising costs in the coming months, we will also continue to push ahead with our mission to help millions of people improve their financial health and save money."

The business said it has a key role to play in helping communities deal with cost-of-living pressures as it gives people and businesses the tools to manage their finances and save money.

In the º£½ÇÊÓƵ, recent financial volatility has led to some changes in customer behaviour, the group said.