Brits focus on debt repayment

23/12/2009

British households are continuing to spend their money paying off debts, new figures have revealed.

The statistics from the British Bankers' Association (BBA) found that demand for new loans remains weak. Instead, consumers are aiming to build up savings or pay off existing credit.

According to the BBA, consumer lending dropped by an above-average £300 million in November, while the money paid into banks increased by £1.4 billion.

Continue reading; Brits focus on debt repayment

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• 21/12/2009 'Fragile' growth expected in 2010
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