On 1 February 2016, the Bank of England (BOE) published its statistical release on Money and Credit for December 2015. The publication is split into three parts:

  • Part 1 – Broad money and credit.
  • Part 2 – Lending to individuals.
  • Part 3 – Lending to businesses.

Total lending to individuals increased by £4.4 billion in December, compared to the average monthly increase of £4.6 billion over the previous six months. Lending on secured dwellings increased by £3.2 billion, broadly in line with the average monthly increase over the past six months. The number of mortgage approvals for house purchases also increased from 69,462 (average over six months) to 70,837.  Also in December, consumer credit increased by £1.2 billion.

Loans to non-financial businesses decreased by £3.7 billion in December compared to an average monthly decrease of £0.3 billion over the previous six months.