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BBA mortgage lending

What an absolute laugh. The actual net lending figure is more or less zero because people are paying off their debts. Once the UK citizen is in savings mode from a credit mode, watch out, as this pattern is the same as the 1930's We need banks to lend to oil the wheels of the economy and they are clearly not doing this, therefore the outlook for the economy is not great.

Posted by: roger holloway

23 Sep 2009 | 17:56
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Mortgage approvals soar 81%

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