UK Finance Lending Update for June

24 July 2019

Richard Pike, Phoebus Software sales and marketing director, says “With both UK Finance and HMRC reporting a fall in lending and property transactions, it appears that earlier more positive sentiment, the great British ‘Keep calm and carry on’ spirit may have wained as our political situation both here and in Europe once again caused uncertainty.  Now that one part of that situation is settled and Boris Johnson takes over as Prime Minister, the question will be whether our future and the prospect of a no-deal Brexit will continue to weigh heavy on consumer confidence.

“House purchase, being the largest financial commitment most people will ever make, is the one area that has been the healthiest in the last couple of months.  However, that too may start to suffer as we head towards the Brexit deadline in October. ”

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Debbie Staveley
Director and Owner,
bClear Communications

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+44 (0)1275 542 511

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