The UK media (particularly the left-leaning publications) continue to rant about how austerity is strangling the UK economy and that the government should be doing more stimulus such as infrastructure projects, etc.. GDP growth for 2012 will likely be flat and the so-called experts will rave about stagnation and failed government policies. However, pre-2008 crash, […]
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Tag Archives: mortgage lending
UK Mortgage Lending Lowest Since 2001
November 23, 2010 
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It seems UK banks and building societies are only lending marginally faster than existing mortgages are being redeemed, reflecting far stricter lending criteria. The annual growth in the banks’ net mortgage lending was 3.5% in October, substantially ahead of the 0.8% for the whole mortgage market in September, according to the British Bankers’ Associaiton. Gross […]
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Alistair Milne 