On 17 December 2015, the Council for Mortgage Lenders (CML) published figures for gross mortgage lending in November 2015. The CML estimated that gross mortgage lending would reach £19.9 billion, supported by economic fundamentals such as low inflation, strong wage growth, an improving labour market and competitive mortgage deals. The figure for November 2015 was 9% lower than the £21.9 billion total of October 2015, but was 23% higher than the gross mortgage lending in November 2014. The CML estimated £214 billion in lending this year, despite the economic risks of changing global circumstances and geopolitical concerns.