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Friday, the Bank of England in its latest Housing Equity Withdrawal report said that individuals injected a net total of GBP 7 billion into housing equity in the second quarter. This compared with a revised net injection of GBP 7.3 billion in the first quarter. In the second quarter of last year, the injections totaled GBP 1.6 billion.
As a percentage of the post-tax income, the net injections into housing equity stood at 2.9% in the second quarter, down from 3.1% in the first quarter.
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