January 2013 figures for the main high street banks
Personal deposits rose by 6.2% over the year to January.
Net mortgage borrowing from the banks grew by 0.2% in the year to January.
BBA statistics director, David Dooks said:
“January’s severe weather impacted adversely on what was already a subdued picture of borrowing demand from households and businesses. While general economic growth stalls, low consumer and business confidence generates a natural tendency to restrain borrowing appetite, repay borrowing where possible and to build up cash and savings as a buffer.”
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