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UK Money and Credit - October 2024
Net borrowing of mortgage debt by individuals rose by £0.9 billion, to £3.4 billion in October. Net mortgage approvals for house purchases rose to 68,300 in October, the highest level since August 2022 (72,200). Similarly, approvals for remortgaging increased by 500 to 31,400. Net consumer credit borrowing by individuals was £1.1 billion in October, slightly down from £1.2 billion in the previous month. During October, private non-financial corporations (PNFCs) repaid, on net, £1.9 billion of finance, compared to £3.8 billion of net finance raised in September. The net flow of sterling money (known as M4ex) was ... (full story)
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- Posted: Nov 29, 2024 4:32am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,770
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