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LiveMore comment on Bank of England Money and Credit data
29 March 2023
Simon Webb, managing director of capital markets and finance at LiveMore, said: “Net borrowing was £5.9 billion last September and has decreased every month for the past six months down to £0.7bn in February. This is reflective of the uncertain economic climate, inflationary pressures and rise in mortgage rates with people waiting to see a clearer picture.”
“On the positive side mortgage approvals are up, which is a good sign for future mortgage lending so I would expect to see lending figures increase in the coming months.”
