Anabelle Colaco
01 Apr 2026, 23:31 GMT+10
LONDON, U.K.: Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing to resilient demand ahead of potential pressure from rising borrowing costs.
British lenders approved 62,584 mortgages in February, up from 60,246 in January, according to Bank of England data released on March 30. Economists polled by Reuters had expected 61,250 approvals.
Net consumer borrowing rose by £1.935 billion (US$2.56 billion) in February, exceeding the £1.6 billion forecast in a Reuters poll.
The increase was also higher than January's £1.828 billion rise, taking the annual rate of consumer credit growth to 8.5 percent, its fastest pace since March 2024.
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationLONDON, U.K.: Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing...
NEW YORK CITY, New York: Morgan Stanley has downgraded global equities and shifted toward safer assets, citing rising uncertainty from...
LONDON/BERLIN/MILAN: Luxury carmakers are bracing for a hit to one of their most profitable markets as the war in Iran disrupts demand...
HONG KONG: Chinese automaker BYD said on March 27 that its annual sales rose to a record US$116 billion, outpacing Tesla's, but its...
NEW YORK CITY, New York: BlackRock CEO Larry Fink saw his compensation rise sharply in 2025, buoyed by higher stock awards after a...
NEW YORK, New York - U.S. stocks closed sharply higher on Tuesday, with all three major indexes posting robust gains as technology...
TOKYO, Japan: Japan's deployed its first long-range missile at a southwestern army camp, officials said on March 31. With the country...
SYDNEY, NSW, Australia - Two Irish nationals are among three business partners facing criminal proceedings in Australia after being...
BEIJING, China: Six years after China suspended all air traffic to North Korea, China Air, the country's flag carrier, resumed direct...
TAIPEI, Taiwan: Visas issued by Cameroon to Taiwanese officials for a World Trade Organization summit were riddled with so many errors...
TOKYO, Japan: SoftBank Group has secured a US$40 billion loan through a bridge facility to support further investment in OpenAI, and...
BEIJING, China (Xinhua) -- A light bulb is not something most people would associate with governance. Yet nearly four decades ago,...
