U.K. mortgage lending reached a nine-month high in March,
a possible sign that stability is returning to the housing market. The number
of home-loan approvals climbed to 39,980, almost 6 percent higher than a year
earlier and the most since June 2018, lobby group UK Finance said The
pickup came as a surprise to economists, who had expected to see a further
slowdown last month. The housing market has been hit by Brexit uncertainty,
particularly in London, and mortgage approvals remain well below the levels
posted two years ago. Annual growth in consumer credit accelerated to 4.1
percent, the highest since June last year. Read more on the Bloomberg website.
There’s no point building homes that people can’t afford | Letters
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Readers respond to Polly Toynbee’s article about the tussle between central
government and local planners in Kent
Polly Toynbee’s piece misses the centra...
1 day ago
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