Tuesday, September 30, 2008

Mortgage lending shrinks in August

At last, there is some hope.

In August, the total stock of mortgages fell slightly - some ₤400 million - fractionally reducing the level of household indebtedness.

2 comments:

  1. AnonymousSeptember 30, 2008 at 1:13 PM

    If debt is money, then this is the first real sign of deflation. As usual, there are no comments in the general media about deflation.
    Keep up the good work.

    ReplyDelete
  2. AnonymousOctober 1, 2008 at 1:24 PM

    So that reduction is 0.4 in 1,400?

    I'd be waiting for something a bit bigger before planning anything.

    ReplyDelete

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