Brits put £5.7bn in savings in May, figures out today showed. Borrowing levels hit pre-pandemic average, with £800m in debt in May while savings rates rose as Base Rate hikes… The post Consumer borrowing and savings at pre-pandemic levels appeared first on London Business News | Londonlovesbusiness.com.
UK consumers borrowed an additional £1.9bn in February, a five-year high, of which £1.5bn was borrowing racked up on credit cards. Mortgage approvals fell slightly in February, but remained above… The post UK consumer borrowing rises to five-year high appeared first on London Business News | Londonlovesbusiness.com.
Government borrowing for November was £4.9 billion less than a year ago, according to official figures out today. Tax receipts were up by £1.6 billion but outgoings were still £17.4… The post Borrowing figures indicate chancellor has scope to help out appeared first on London Business News | Londonlovesbusiness.com.
