Demand for credit cards and mortgages in UK falling fast, warns BofE

Banks say borrowing on plastic will be lowest since 2007, with mortgages down to 2010 levelBorrowing on credit cards is expected to plunge to the lowest levels since 2007 in the three months before Brexit, according to the Bank of England, in another indication of stresses facing the UK economy.According to the latest quarterly health check on credit conditions from Threadneedle Street, high street banks forecast borrowing on plastic will decline in the first quarter by the most since records be