Record world debt could trigger new financial crisis, Geneva report warns: Global debts have reached a record high despite efforts by governments to reduce public and private borrowing, according to a report that warns the “poisonous combination” of spiralling debts and low growth could trigger another crisis.
In August, on a monthly basis, M4 money supply in the UK rose 0.3%. In the preceding month, M4 money supply had registered a revised rise of 0.2%.
UK net consumer credit rose more than expected in August
Net consumer credit rose by £0.9 billion in August, in the UK, higher than market expectations for a rise £0.8 billion. In the previous month, net consumer credit had risen by £1.1 billion.
UK number of mortgage approvals for house purchases eased in August
Number of mortgage approvals for house purchases recorded a drop to 64.2 K in the UK, in August, compared to market expectations of a fall to a level of 65.0. In the previous month, number of mortgage approvals for house purchases had registered a revised reading of 66.1 K.
UK net lending to individuals advanced in August
Net lending to individuals rose by £3.2 billion in the UK, in August. Net lending to individuals had advanced by £3.4 billion in the prior month.
UK net lending secured on dwellings advanced more than expected in August
In August, net lending secured on dwellings advanced by £2.3 billion in the UK, compared to a revised similar rise in the preceding month. Markets were expecting net lending secured on dwellings to climb by £2.1 billion.
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