Indeed, survey evidence suggests that the perceived labour market risk is higher for workers in more internationalised sectors (Scheve and Slaughter 2004) and that opposition to economic integration is stronger from individuals who are theoretically more likely to be damaged by it – such as low-skilled workers in countries that receive low-skilled migration inflows.
The Bank of England has also acknowledged that there is some evidence of banks being more willing to lend on an unsecured basis when using credit scoring, which potentially improves the access to bank finance for very small and start-up Small and Medium Enterprises. For the borrower, the benefits from credit scoring include increased access to credit and, in some cases, lower borrowing costs.