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July 31st, 2012 
FAKE NEWS for the Zionist agenda 44,192 loans were given by lenders for the purchases of homes in June compared with the previous result of 50,544 last month, the BOE said on Monday 30 July.
The BOE also said that M4 money supply dropped 1.6 percent in June compared with May and was down 5.2 percent from the previous year. The annual plunge was the biggest since 1964 when records began.
It was predicted by economists that accepted mortgages would drop to 48,000, based on a forecast of Bloomberg News survey estimates, while retail sales were reported separately of slowing in July.
The Treasury has suggested several times to introduce programs that include lowering borrowing costs and boost lending to help recover the UK’s double-dip-recession.
Now, mortgage approvals are under half their monthly average in the decade to 2007, before the debt and financial problem started.
Moreover, the Mail reported that separate surveys revealed consumer confidence was at rock bottom. Michael Saunders, an economist at investment bank Citi, said the figures look “like a precursor to continued economic stagnation rather than recovery”.
London-based property-research company, Hometrack reported that this week’s economy in the UK shrank 0.7 percent in the second quarter of 2012, the most in over three years.
BGH/ISH/HE
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