Monday, Jun 29, 2009
The crash is over because some more people registered with an EA. Meanwhile...
FT: UK lending suffers setback
Lending to consumers and businesses suffered a setback in May, highlighting the threat to nascent green shoots from weak levels of credit.
Net lending secured on dwellings did not grow during the month, the worst performance since records began in 1993, the Bank of England said. The annual rate of lending growth of 1.3 per cent was also the slowest pace on record, and compares with a 11 per cent growth rate before in late 2007.
New mortgage approvals rose by 223 to 43,414 in May, the smallest increase since January.
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