The Bank of England has published its October statistics for money and credit.  Some key points in the statistics are:

  • Total lending to individuals increased by £4.8 billion in October, compared to the average monthly increase of £4.1 billion over the previous six months
  • Lending secured on dwellings increased by £3.6 billion in October, compared to the average monthly increase of £2.8 billion over the previous six months
  • The number of loan approvals for house purchase, remortgaging and for other purposes had all increased compared to their respective averages over the previous six months
  • Consumer credit increased by £1.2 billion in October, in line with the average monthly increase over the previous six months.