UK Mortgage Approvals At 1-Year Low

The UK mortgage approvals declined to one-year low in July following the initial tapering off of the stamp duty holiday, figures from the Bank of England showed on Tuesday. Approvals for house purchases, an indicator of future borrowing, decreased further in July to 75,152 from 80,272 in June. This was the lowest since July 2020, but remained above pre-February 2020 levels. The expected level was

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