UK lending slows in March 

By @ibtimes on

The recovery remains fragile in the United Kingdom and Britons are still not that confident to jump into the market or to expand their finances with more mortgages and loans despite the governments new aid for new home owners as the joblessness remains a challenge amid high prices.

In March mortgage approvals improved slightly to 47.6 thousand from a revised 46.7 thousand from 47.0 K but remained below the expected 48.0 thousand.

Consumer credit slowed to 0.1 billion from 0.8 billion and well below the expected 0.6 billion. Net lending secured on Dwellings dropped to 0.4 million from a revised 1.0 billion from 1.2 billion and was below the expected 1.3 billion.

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