Mortgage lending and approvals fell back in June
The British Bankers Association (BBA) news article released 26th July headlined ‘June 2016 figures for the High Street Banks’
Dr Rebecca Harding, BBA Chief Economist, said: “This month’s High Street Banking data reflects the uncertainty that was felt ahead of the EU referendum.
“Business borrowing in June dropped for the first time in 2016, signalling that investment decisions were being delayed until after the vote.
“Mortgage lending and approvals also fell back in June but remain above the low levels seen in April following the introduction of the stamp duty surcharge.”
“Overall, business confidence was clearly fragile in anticipation of the outcome of the vote, but these results are not a verdict on the health of the economy post-Brexit. We won’t start to see that data come through until the autumn and any trends before then should not be over-interpreted”
To read the full report from the (BBA) for above click here
You May Also Enjoy
Different Conservatory Designs and Styles
Planning Bill is a huge opportunity to save British construction
Bank of England Mortgage Lenders and Administrators Statistics showing increase in first time buyers
Law Firm Sees 94% Increase In Home Sellers ahead of Stamp Duty Change
The Importance of Using the Correct Parts and Safety Measures in Mechanical Operations
