Net mortgage approvals for house purchases were 61,100 in April, little changed from 61,300 in March. Net approvals for remortgaging decreased to 29,900 from 33,500 over the same period. In April, UK non-financial businesses (PNFCs and public corporations) repaid, on net, £1.1 billion of loans to banks and building societies. The net flow of sterling money (known as M4ex) was £10.3 billion in April. This was mainly driven by households’ holdings of money, which increased by £8.4 billion in April, the highest flow since September 2022 (£8.8 billion). Within the increase in households’ holdings of money, households ... (full story)