Anabelle Colaco
01 Apr 2026, 23:31 GMT+10
LONDON, U.K.: Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing to resilient demand ahead of potential pressure from rising borrowing costs.
British lenders approved 62,584 mortgages in February, up from 60,246 in January, according to Bank of England data released on March 30. Economists polled by Reuters had expected 61,250 approvals.
Net consumer borrowing rose by £1.935 billion (US$2.56 billion) in February, exceeding the £1.6 billion forecast in a Reuters poll.
The increase was also higher than January's £1.828 billion rise, taking the annual rate of consumer credit growth to 8.5 percent, its fastest pace since March 2024.
Get a daily dose of Arizona Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Arizona Herald.
More InformationLONDON, U.K.: Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing...
NEW YORK CITY, New York: Morgan Stanley has downgraded global equities and shifted toward safer assets, citing rising uncertainty from...
LONDON/BERLIN/MILAN: Luxury carmakers are bracing for a hit to one of their most profitable markets as the war in Iran disrupts demand...
HONG KONG: Chinese automaker BYD said on March 27 that its annual sales rose to a record US$116 billion, outpacing Tesla's, but its...
NEW YORK CITY, New York: BlackRock CEO Larry Fink saw his compensation rise sharply in 2025, buoyed by higher stock awards after a...
NEW YORK, New York - U.S. stocks closed sharply higher on Tuesday, with all three major indexes posting robust gains as technology...
WASHINGTON, D.C.: A growing share of Americans believe it is a bad time to look for a new job, highlighting a disconnect between low...
(Photo credit: Kirby Lee-Imagn Images) The Los Angeles Dodgers are poised to make baseball history when they host the Cleveland Guardians...
(Photo credit: Mady Mertens-Imagn Images) No team in the Eastern Conference has played as well as the Atlanta Hawks since the All-Star...
(Photo credit: David Frerker-Imagn Images) The risk-it side of Zac Gallen won out. Gallen said he turned down multi-year offers...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Luka Doncic had 42 points and 12 assists, and LeBron James scored 14 points in his...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Luka Doncic had 42 points and 12 assists, and LeBron James scored 14 points in his...
