bank lending

Bank of England holds interest rates – industry reaction

18th September 2026 Banking and Loans | #bank lending #interest rates #mortgages

The Bank of England has held interest rates at 3.75%. Policymakers voted 6-3 to make no change, with three members voting for an increase by 0.25 percentage points. Three members voted to increase base rate by 0.25 percentage points, to 4%. Tamsin Powell, Consumer Finance Expert at Creditspring, said “Today’s decision to keep the base…

Bank lending predicted to rise by £29bn with UK avoiding recession

16th May 2023 Consumer Lending | #bank lending #recession

The UK economy has performed better than expected so far this year, and should avoid recession, leading the EY ITEM Club to upgrade its 2023 UK bank lending forecast for households and businesses. Total loans to households and businesses are expected to rise 1.2% this year (a net increase of £29 billion), improving on February’s forecast which…

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bank lending

Bank of England holds interest rates – industry reaction

Bank lending predicted to rise by £29bn with UK avoiding recession

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