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BBA announces July lending figures

Total sterling lending to the UK private sector rose 1.1 per cent to £1,015.6bn in July from £1,004bn in June according to data gathered by the British Bankers&#39 Association.

The £5.7bn rise for July is lower than the June figure of £6.4bn but close to the monthly average of £5.8bn. The July statistics show net lending to individuals rose by £6,470mn and lending to financial firms rose by £305mn. Lending to real estate showed the weakest growth since October 2003 &#45 an increase of £0.7bn.

BBA executive director Roger Brown says: “The growth in unsecured personal lending was weaker of late, notably in the cases of personal loans. There was relatively strong demand for funds from the corporate sector though lending to property companies was weaker than recently.”


Alpha to Omega&#39s Rowe quits after boardroom bust-up

The founder of Alpha to Omega has left the network after less than two years as a director of the company after boardroom disagreements over business strategy. Founder Terence Rowe left the firm after he suppor-ted a plan to buy out Alpha to Omega&#39s majority shareholder. His plan was not backed by chief executive Stewart […]


&#39£40k college costs in 2022&#39

The cost of sending a child to university for three years could reach 41,200 by the time today’ babies reach 18, says The Children’ Mutual. It is offering a free guide to parents on saving for university fees. Chief executive David White says 40 per cent of today’ undergraduates have not had any financial provision […]

L&G ends Network Data deal

A row between Legal & General and Network Data has led to L&G ending its business relationship with the mortgage network. L&G says it is no longer dealing with Network Data because of the low quality of business it says the network has been submitting. But Network Data says the termination of the rel-ationship is […]

Premier picks Buckley for Euro role

Premier Asset Management is appointing James Buckley as senior investment manager of European equities. Buckley joins from Solus Investment Partners, the retail management division of Brown Shipley, where he ran the European growth fund. Prior to that, he was a fund manager with HSBC private clients. Buckley will be responsible for the development of the […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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