Login
ISCOVER
The battered UK lending market will reach new depths with lending to contract a further 19.3 per cent in 2008, according to market analyst Datamonitor.
According to Datamonitor, the ongoing credit crunch, falling house prices, rising arrears and indebted consumers struggling to find credit will all see conditions deteriorate further.
Gross lending is forecast to reach just £293.6 billion in 2008.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
“In current uncertain market conditions, it’s neither good to be a lender nor a borrower,” said Karina Purang, financial services senior analyst with Datamonitor.
Published: 20-08-08
JOIN THE DISCUSSION