Property News · February 29, 2016

Consumer borrowing shows biggest increase for a decade


Borrowing on credit cards, loans and overdrafts rose £1.6bn in January, according to Bank of England figuresUK consumers have “rediscovered their zeal for borrowing” according to economists, as latest official figures showed unsecured borrowing rose by 9.1% in the 12 months to January – the biggest annual increase for a decade.Borrowing on credit cards, loans and overdrafts increased by £1.6bn during the month, the Bank of England said, compared with an average of £1.3bn over the previous six-month period. Continue reading…

Source : theguardian.com
Read more…Consumer borrowing shows biggest increase for a decade

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