UK mortgage approvals fall 10% in November
Approvals for house purchase were 1.2% lower in November, remortgage approvals fell 20.3% and approvals for other secured borrowing decreased by 12.2%, UK Finance said.
Credit card spending rose 7.5% year on year to £11.3bn. Over the past year, the outstanding level of credit card borrowing grew by 5.3%. Personal borrowing through loans and overdrafts grew by 2.5 per cent in the year to November.
Personal deposits total grew by 0.7% with deposits held in instant access accounts up 3.1%. ■