Wednesday, Jun 02, 2010
Yippee! Destruction of future wealth kicks off again!
BBC: UK mortgage lending edges higher
"Mortgage lending crept up in April compared to the previous month, according to the Bank of England. The number of mortgages approved for house purchases increased from 49,008 in March to 49,871 the following month, a rise of 2%. Meanwhile, UK consumers paid back more than they borrowed in April, with the net level of unsecured credit falling by £136m. This was the first time it had fallen since November."
Posted by mark wadsworth @ 10:21 AM (336 views) Add Comment
1 Comment
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1. Waitingfor Hpc said...
great - now raise interest rates and see what happens!!!