April’s household borrowing figures are likely to quell some of the optimism arising from the recent run of better economic news. While the Funding for Lending Scheme has continued to drive down interest rates, growth in borrowing showed only a modest pick-up. With borrowing levels showing little sensitivity to borrowing costs, whether lower rates will provide much of a spur to consumers remains in doubt.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.