Eco Analysis - UK lending positive again but SME finance still weak (B. Hilliard)

Eco Analysis - UK lending positive again but SME finance still weak (B. Hilliard)

The UK money and credit release showed mortgage approvals picking up much as expected - a slightly faster pace from 63.4k to 66.7k. This is still very low compared to all the hype about the housing boom though but further gains are certain to follow. Consumer credit was a little bit weak at only £0.4bn.