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Consumers turn backs on housing equity withdrawal

A decade-long run of housing equity withdrawal in the UK came to a shuddering halt in the second quarter of this year, official data revealed yesterday, signalling yet another serious squeeze on beleaguered consumers' spending power.

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IAN McCONNELL, Business Editor

A DECADE-long run of housing equity withdrawal in the UK came to a shuddering halt in the second quarter of this year, official data revealed yesterday, signalling yet another serious squeeze on beleaguered consumers' spending power.