Stagnation Charts #4: trends in lending
The latest Stagnation Chart comes from the Bank of England’s monthly Trends in Lending report, which covers lending by all the UK’s financial institutions. The stock of lending to businesses fell by about £4.8 billion in Dec – Feb, but what’s more worrying is the fact that the recovery in business lending fell away. Indeed, lending is still in decline:
In a recovery you would expect lending to businesses to grow as they scale up to meet growing demand. I’ve followed the Bank in separating out the real estate sector, which accounts for 40 per cent of business loans, don’t confuse this with mortgage lending, but that follows a similar pattern:
This is what stagnation looks like.
Gracie
Apr 19th 2013, 6:05 pm
How utterly depressing. Looking at these charts even if GDP has recovered slightly in Q1 and we avoid a triple dip recession, I don’t see that trend continuing for Q2.
Stagnation Chart 5: GDP Per Capita | ToUChstone blog: A public policy blog from the TUC
May 1st 2013, 11:22 am
[…] colleague Richard Exell has been blogging a series of ‘stagnation charts’ over the past month. Today’s ONS Economic Review provides a truly staggering example of the […]