Mortgage debt has gone through the £1 trillion level, according to figures from the Bank of England (BOE). An extra £9.3bn was borrowed to buy homes in May, increasing outstanding mortgage debt to £1.007 trillion. the value of un-mortgaged property across the UK is about £3.6 trillion which put’s it in perspective.The Government have announced that new jobs created by inward investment to the UK have fallen 14% in the past year. This reflects rivalry from France and new EU member states in central and Eastern Europe in attracting investment.
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