UK mortgage borrowing increased in February to the highest level since 2016 as the government extended the stamp duty tax holiday until the end of June, data from the Bank of England showed on Monday.
According to BoE, net mortgage borrowing was GBP 6.2 billion, the strongest since March 2016. This was also higher than the expected level of GBP 5 billion.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.