Bubble Fun

From The Telegraph:

The BBA [British Bankers' Association] added in the report that "among the trends it recognises are the increasing willingness by customers to pay off loans and to increase savings". Customers paid off £11.6bn of credit card and other non-mortgage debt last year, the report showed. Net mortgage lending was just £7.8bn, less than a 10th of its £110bn peak in 2006.