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UK June 2016 figures for the high street banks
This month’s High Street Banking data reflects the uncertainty that was felt ahead of the EU referendum. “Business borrowing in June dropped for the first time in 2016, signalling that investment decisions were being delayed until after the vote. “Mortgage lending and approvals also fell back in June but remain above the low levels seen in April following the introduction of the stamp duty surcharge.” “Overall, business confidence was clearly fragile in anticipation of the outcome of the vote, but these results are not a verdict on the health of the economy post-Brexit. We won’t start to see that data ... (full story)
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