UK consumers 'playing waiting game', say banks
Originally posted by 5corpio
Consumers are adopting a "wait and see" attitude to their finances with demand for loans remaining low, according to the High Street banks.

Individuals and businesses were saving more, paying off debt and borrowing less owing to uncertainty about the economy, the British Bankers' Association (BBA) said.

Demand for home loans was weak in April, the BBA said.
Repayment of personal loans also outstripped new borrowing by £181m.
Housing market

The lack of demand for home loans was evidence of consumers' safety-first approach, the BBA said.

The number of mortgages approved for house purchases fell by 6% in April, compared with the previous month, to stand at.....Read more HERE