...ocieties, down from a revised 31,000 in October. It is the lowest level since the Bank began collecting data in 1999. The Bank’s quarterly credit conditions survey showed that banks restricted access
to loans of all kinds by companies and consumers in the past quarter, and that they plan to tighten the screws more in this quarter.
Halifax reported that the price of the average house fell by
more than £100 a day last year. Its quarterly figures showed that the average house ended the year down in price by £37,178, or 16.2 per cent.
PRESSING THEIR POINT