Week in numbers

6 February 2012

7% - The amount Loughborough’s gross mortgage lending rose in 2011.

1 - The number of legal firms clients can use when doing a bridging deal with Precise Mortgages after it decided to give the option of both joint and single representation.

111 - The number of members the Council of Mortgage Lenders now has after State Bank of India joined last week.

0% - The level Capital Economics last week suggested the interest rate paid on commercial banks’ reserves should be cut to - from 0.5% - by the Monetary Policy Committee.

-0.1% - The amount that the National Institute of Economic and Social Research is expecting the UK economy to shrink by in 2012. The think tank has called on the government to temporarily ease spending cuts to promote growth in the country.

80,000 - The number of homes that housing minister Grant Shapps says could be built on the unused land and buildings that he has identified.

£1m - The bonus rejected by Royal Bank of Scotland’s chief executive Stephen Hester after an outcry from the Labour Party and government over the size of banker bonuses.

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