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Howard Archer

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“ It is mortgage approvals that are seen as the key forward looking indicator for housing market activity. ”
Mortgage activity rises in Britain
United Press International
“ The further rise in mortgage approvals ... ties in with widespread evidence that housing market activity is trending up modestly as it is supported by sharply reduced mortgage interest rates and the substantial fall in house prices from their 2007 peak levels ”
Mortgage approvals rise in Britain
United Press International
“ Obviously the more that house prices fall, the more people will be trapped with negative equity ”
Britain sees hike in personal bankruptcies
United Press International
“ The survey suggests that the various policy measures undertaken by both the central bank and the government to boost bank lending are starting to have a beneficial impact ”
Business lending up in Britain
United Press International
“ The public finances for January are terrible, coming in even worse than feared. January always sees a surplus on the public finances (as it is) a bumper month for tax receipts ”
Public debt in Britain swells
United Press International
“ The bad news on the labor market is absolutely relentless now ”
Jobless claims in Britain rise in December
United Press International
“ Reports of companies laying off workers are becoming more and more prevalent, while an increasing number of companies are folding ”
Jobless claims in Britain top 1 million
United Press International
“ While the sharp cut in interest rates by the Bank of England last week -- and the prospect of further substantial reductions to come -- will obviously be of some help, it seems certain to be insufficient to save many people from bankruptcy ”
England bankruptcy filings rise
United Press International
“ This is another very weak set of Bank of England mortgage approvals and lending data that suggests that the downturn in housing market activity and prices still has a long way to run ”
British mortgage approvals rise nominally
United Press International
“ The depth of the decline means that we are there to all intents and purposes ”
Economists say British recession has begun
United Press International
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