Consumers’ debt caution continues, says BBA

UK consumers continued their cautious approach to debt in March as demand for home loans and unsecured credit remained weak, banks have said.

The number of home loans approved for house purchases was below the recent average the British Bankers’ Association (BBA) said.  Meanwhile, repayments continued to outstrip new spending on credit cards, despite the amount spent having risen.

The figures reflect a safety-first trend that has been seen for months.



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