Bank Of England Report Shows Household Borrowing Down And Savings Up

The Caithness Business Index has posted the following article:

Bank Of England Report Shows Household Borrowing Down And Savings Up

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The Bank of England Report published today shows that consumers made big repayments to reduce borrowing and in total reduced borrowing Lending to individuals Households' consumer credit weakened in January with net repayments of £2.4 billion. This compares to an average net repayment of £1.0 billion between September and December 2020 and was the largest net repayment since May 2020. [Read Full Article]