Bank of England credit survey signals lenders plan to continue to tighten loan rules; UK new construction orders fell 13% in 3 months to May 2008
Jul 3rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
UK mortgages and business loans will be harder to get in the third quarter as lenders continue to tighten rules, the Bank of England said Thursday, while the government reported a plunge in construction orders. Orders in the three months to May 2008 fell by 13 per cent.