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BBA loans: April 2015 figures for the UK high street banks
“British businesses and consumers have started to put their foot on the gas. There appears to be broad confidence about the economy, which the banks are supporting through affordable credit, leading to rises in borrowing across the board. “Business lending has risen in three of the first four months this year indicating that we might have reached a turning point. There was a significant pre-election jump in mortgage approvals which we would expect to continue in the coming months. “There was a sharp rise in the amount savers deposited in their bank accounts and also in the amount people are borrowing through ... (full story)