UK lending weakens for second successive month, says BoE data

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Lending in the UK economy remained weak in December as the amount of loans extended to consumers slowed for the second month running, according to latest estimates published by the Bank of England on January 31.

The data shows that total lending to individuals rose by £400 million ($631 million) in December, less than half the £1 billion of loans extended in November and below the previous six-month average of £900 million. The 12-month growth rate was unchanged at 0.9%.

However, total lending

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