{"id":6362,"date":"2016-02-29T19:07:59","date_gmt":"2016-02-29T12:07:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-borrowing-shows-biggest-increase-for-a-decade\/"},"modified":"2016-02-29T19:15:41","modified_gmt":"2016-02-29T12:15:41","slug":"consumer-borrowing-shows-biggest-increase-for-a-decade","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-borrowing-shows-biggest-increase-for-a-decade\/","title":{"rendered":"Consumer borrowing shows biggest increase for a decade"},"content":{"rendered":"


\nBorrowing 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 a decade.Borrowing on credit cards, loans and overdrafts increased by \u00a31.6bn during the month, the Bank of England said, compared with an average of \u00a31.3bn over the previous six-month period. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Consumer borrowing shows biggest increase for a decade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Borrowing on credit cards, loans and overdrafts rose \u00a31.6bn in January, according to Bank of...<\/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-6362","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\/p75ss1-1EC","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":6362,"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":65000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rapid-rise-in-personal-borrowing-is-cooling-says-bank-of-england\/","url_meta":{"origin":6362,"position":1},"title":"Rapid rise in personal borrowing is cooling, says Bank of England","date":"August 30, 2017","format":false,"excerpt":"\r Consumer borrowing through credit cards, overdrafts and personal loans slows slightly amid squeeze on living standards The rapid growth in borrowing by consumers appears to be slowing amid a squeeze on households, despite remaining at levels unseen since the financial crisis.The annual rate of growth for consumer borrowing through\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-consumer-borrowing-is-fastest-since-pre-crisis-levels-says-bank-of-england\/","url_meta":{"origin":6362,"position":2},"title":"Rise in consumer borrowing is fastest since pre-crisis levels, says Bank of England","date":"January 4, 2016","format":false,"excerpt":"\r BoE figures show consumer credit was up 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, figures from the Bank of England show.Unsecured consumer credit\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":6362,"position":3},"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":18046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowing-rises-at-fastest-rate-in-more-than-a-decade\/","url_meta":{"origin":6362,"position":4},"title":"UK borrowing rises at fastest rate in more than a decade","date":"June 29, 2016","format":false,"excerpt":"\r Value 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\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":6362,"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 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