{"id":18046,"date":"2016-06-29T19:01:14","date_gmt":"2016-06-29T12:01:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowing-rises-at-fastest-rate-in-more-than-a-decade\/"},"modified":"2016-06-29T19:09:30","modified_gmt":"2016-06-29T12:09:30","slug":"uk-borrowing-rises-at-fastest-rate-in-more-than-a-decade","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowing-rises-at-fastest-rate-in-more-than-a-decade\/","title":{"rendered":"UK borrowing rises at fastest rate in more than a decade"},"content":{"rendered":"


\nValue of credit cards, personal loans and overdrafts rose by 9.9% on a year earlier in MayBritish consumers borrowed more than expected in May to buy homes and fund other purchases in a sign of confidence before last week\u2019s shock decision to leave the EU.The amount of credit extended to borrowers, which includes credit cards, personal loans and overdrafts, rose by 9.9% compared with a year earlier. This was the fastest annual rate in more than a decade and up from 9.6% in April. Over the month consumer credit rose by about \u00a3200m to \u00a31.5bn in May. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK borrowing rises at fastest rate in more than a decade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Value of credit cards, personal loans and overdrafts rose by 9.9% on a year earlier...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18046","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4H4","jetpack-related-posts":[{"id":36760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-consumer-borrowing-is-fastest-since-pre-crisis-says-bank-of-england\/","url_meta":{"origin":18046,"position":0},"title":"Rise in consumer borrowing is fastest since pre-crisis, says Bank of England","date":"January 4, 2016","format":false,"excerpt":"\r Figures show consumer credit rose by 8.3% in the year to November, with borrowing on credit cards up by \u00a3411mConsumer borrowing on credit cards, loans and overdrafts is growing at its fastest rate since before the financial crisis, according to Bank of England figures that brought further warnings over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-credit-sees-fastest-growth-in-10-years\/","url_meta":{"origin":18046,"position":1},"title":"Consumer credit sees fastest growth in 10 years","date":"November 24, 2016","format":false,"excerpt":"\r Personal loans and overdrafts fuelled increase in consumer borrowing in October, data from lenders reveals Borrowing on credit cards and loans grew at its fastest rate in almost a decade in October, according to figures from Britain\u2019s high street banks, as lenders competed to offer the best deals.The British\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-jump-in-uk-consumer-borrowing-fuels-likely-interest-rate\/","url_meta":{"origin":18046,"position":2},"title":"Big jump in UK consumer borrowing fuels likely interest rate","date":"October 30, 2017","format":false,"excerpt":"\r The 9.9% annual growth figure further adds to concerns of unmanageable debt among UK households as Bank of England meets to set borrowing rates Consumers maintained their borrowing habit in September, as a near-double-digit increase in lending to households left the Bank of England on track to raise interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-household-to-be-10000-in-debt-by-end-of-2016\/","url_meta":{"origin":18046,"position":3},"title":"Average UK household to be \u00a310,000 in debt by end of 2016","date":"March 23, 2015","format":false,"excerpt":"\r Report warns that people\u2019s complacency over their ability to manage their borrowing could lead to resurgence in bad debtThe average UK household will owe close to \u00a310,000 in debts such as personal loans, credit cards and overdrafts by the end of 2016, which is a new high in cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-borrowing-shows-biggest-increase-for-a-decade\/","url_meta":{"origin":18046,"position":4},"title":"Consumer borrowing shows biggest increase for a decade","date":"February 29, 2016","format":false,"excerpt":"\r Borrowing on credit cards, loans and overdrafts rose \u00a31.6bn in January, according to Bank of England figuresUK consumers have \u201crediscovered their zeal for borrowing\u201d 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-in-credit-splurge-as-pay-is-squeezed-bank-of-england-figures-show\/","url_meta":{"origin":18046,"position":5},"title":"UK in credit splurge as pay is squeezed, Bank of England figures show","date":"June 29, 2017","format":false,"excerpt":"\r Soaring level of borrowing on credit cards, overdrafts and loans could bolster case for interest rate rise, say expertsBritain\u2019s hard-pressed consumers are increasingly turning to credit cards, overdrafts and loans to support their spending, according to the Bank of England.Threadneedle Street\u2019s monthly report on money and credit found that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18046"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18046"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18046\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}