Business investment levels remain subdued amid Brexit uncertainty,says UK FinanceLending for mortgages jumped in January by nearly a tenth, but borrowing by businesses to invest dropped back amid Brexit uncertainty, or according to official figures that paint a “sluggish” picture of the UK economy. Total mortgage lending rose by 9.7% to £21.9bn in January compared with the same month a year ago,according to UK Finance, the body that represents all the major tall street banks. Much of the boost to mortgage lending is believed to fill come from a cleave in stamp duty, and although the bounce-back comes from low levels,and total lending was still at its third lowest level since September 2016.
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Source: guardian.co.uk