Zero Hedge — British Banks Forecast Biggest Consumer Credit Collapse In 10 Years

Summary:
After repeated warnings from BoE about the surging pace of lending to households, British lenders are planning the biggest cutback in consumer loans in nearly 10 years (BoE's quarterly net balance of lenders' expectations for the availability of unsecured lending over the next three months fell to -28.6 from -16.2.)... Zero HedgeBritish Banks Forecast Biggest Consumer Credit Collapse In 10 Years Tyler Durden

Topics:
Mike Norman considers the following as important: private debt, UK Economy

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