consumer credit

  • Business lending £417b below 2008 peak

    The UK's consumer credit and residential mortgage lending markets are showing real signs of recovery, according to Ernst & Young's (E&Y) ITEM Club, with both expected to grow at a healthy rate of over 3% in 2014. But business lending remains 27.5% (£417 billion) below its 2008 peak and in the last quarter of 2013 hit a five-year low! However, the respected economic forecaster expects lending to firms to rise significantly over the next three years, with ...

    Posted at February 10, 2014 | By : | Categories : News,Rural Business | Comments Off on Business lending £417b below 2008 peak