UK demand for credit cards and mortgages is collapsing as Brits brace themselves for the shock of Brexit
|01/17/2019||Posted by BusinessMediaguide.Com under General World News||
- The Bank of England’s Credit Conditions Survey outlines a slowdown in demand for mortgages and credit cards ahead of the UK leaving the European Union on March 31.
- UK lenders expect to see demand for mortgages to fall to the lowest levels since the end of 2010.
- The UK is in the process of arranging its withdrawal from the EU after Theresa May’s Brexit deal was rejected Tuesday, and she survived a no-confidence vote Wednesday.
The UK housing market has slowed to a pace not seen in nearly a decade as Brexit fears freeze demand for mortgages and credit cards.
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