Rates increases on table after latest lending figures

Total lending to individuals increased in April by another £11.1bn, while secured lending grew by another £9.8bn, the Bank says. The value of all loans approved was actually down £0.5bn on March at £26.1bn, but consumer credit increased £1.3bn to a gross figure of £18.1bn – relatively unchanged on both March and February. Alliance & Leicester has added fuel to the fire with its own research suggesting savings and investments levels are going down this quarter, with people planning to spend more on average each month than in the first quarter. Minutes of the Monetary Policy Committe...