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29/09/2010
UK's Unsecured Debt Being Repaid
The Bank of England has said UK consumers repaid more unsecured debt than they took out in new loans during the month of August.
Since November 2009, net consumer credit, including overdrafts, personal loans and credit card borrowing, fell substantially by £120m.
The figures were released shortly after Charlie Bean, the Bank's Deputy Governor, suggested savers spend a portion of their savings to help boost the economy.
The Bank's figures show that 47,372 home loans were approved in August, 974 fewer than in the previous months.
Mortgage approvals for house purchases also dipped slightly.
(BMcN)
Since November 2009, net consumer credit, including overdrafts, personal loans and credit card borrowing, fell substantially by £120m.
The figures were released shortly after Charlie Bean, the Bank's Deputy Governor, suggested savers spend a portion of their savings to help boost the economy.
The Bank's figures show that 47,372 home loans were approved in August, 974 fewer than in the previous months.
Mortgage approvals for house purchases also dipped slightly.
(BMcN)
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The number of mortgages agreed in the UK fell slightly in October, according to an industry report. The British Bankers Association (BBA) report that 42,808 loans were approved by UK banks last month, down by 375 on the number in September.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
