Source: Bank of England
Mortgage net borrowing in the United Kingdom declined in April, in line with the decline in approvals during the month. EWU is up 0.06%, while IUKP is down 0.56%.
- Net borrowing of mortgage debt stood at £4.1 billion, lower than the £6.4 billion recorded in the previous month.
- Mortgage approvals for the month fell to 66,000 from 69,500 in March, bringing both indicators below their 12—month pre-pandemic averages.
- Consumers borrowed an additional £1.4 billion in consumer credit, including £0.7 billion worth of new lending on credit cards.
- Borrowing of large non-financial businesses increased to £2.7 billion from £1.8 billion, while small and medium-sized firms repaid £0.5 billion of loans.
- Private non-financial firms recorded £1.9-billion in redeemed net finance from capital markets.