I read a few months ago mortgages were being repayed at record rates.
Well some hard facts on that, total outstanding mortgates fell by 400 million in July, which is great news (although we do all collectively owe a lot of money still!).
Personal loans as well, down by 600 million.
Some doubters saying that this will stop money going into the economy - but surely falling debt is worth having for long term stability.
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