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UK Money and Credit - March 2026
Net borrowing of mortgage debt by individuals increased to £6.2 billion in March, from £5.2 billion in February, above the previous 6-month average of £4.9 billion. Net mortgage approvals for house purchases increased to 63,500 in March from 62,700 in February, above an average of around 63,200 over the previous 6 months. Approvals for remortgaging increased to 51,300 in March, from 41,200 in February. Net borrowing of consumer credit by individuals slightly decreased to £1.9 billion in March from £2.0 billion in February, slightly above the previous 6-month average of £1.8 billion. Within this, net borrowing ... (full story)
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From economics.bmo.com | Apr 30, 2026
Personal spending jumped 0.9% in March, right in line with the consensus forecast. More encouraging for consumer spending in the second quarter was the improvement in personal income growth to a better than expected 0.6% gain last month. Inflation readings heated up as expected with PCE and core PCE prices rising 0.7% and 0.3%, respectively, in line with ...
