{"id":64182,"date":"2017-08-22T00:09:55","date_gmt":"2017-08-21T17:09:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-credit-and-debit-card-spending-%e2%80%8bgrowing%e2%80%8b-at-fastest-rate-since-2008\/"},"modified":"2017-08-22T00:19:16","modified_gmt":"2017-08-21T17:19:16","slug":"uk-credit-and-debit-card-spending-%e2%80%8bgrowing%e2%80%8b-at-fastest-rate-since-2008","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-credit-and-debit-card-spending-%e2%80%8bgrowing%e2%80%8b-at-fastest-rate-since-2008\/","title":{"rendered":"UK credit and debit card spending \u200bgrowing\u200b at fastest rate since 2008"},"content":{"rendered":"


\nNew figures showing borrowing is rising more than five times faster than earnings come after warnings from Bank of England New figures show spending on credit, debit and charge cards is growing at the fastest rate since 2008, rising more than five times faster than earnings in a fresh sign of ballooning borrowing by consumers.The number of card transactions increased by 12.3% over the year to the end of June, according to banking trade body UK Finance, coming amid a boom in consumer debt that has been raising alarm bells at the Bank of England. The pace of growth in card payments was 10.6% in the 12 months to the end of December. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK credit and debit card spending \u200bgrowing\u200b at fastest rate since 2008<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New figures showing borrowing is rising more than five times faster than earnings come after...<\/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-64182","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-gHc","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":64182,"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":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":64182,"position":1},"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":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":64182,"position":2},"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":[]},{"id":1593,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-loans-drive-surge-in-uk-consumer-borrowing\/","url_meta":{"origin":64182,"position":3},"title":"Car loans drive surge in UK consumer borrowing","date":"January 15, 2016","format":false,"excerpt":"\r Personal loans and credit card borrowing jumped in November, says Bank of EnglandA surge in loans for new cars was behind a big increase in lending to households, according to Bank of England figures, which may raise fresh fears that families are falling into the trap of debt-fuelled spending.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11652,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-card-borrowing-surges-to-11-year-high-in-march\/","url_meta":{"origin":64182,"position":4},"title":"Credit card borrowing surges to 11-year high in March","date":"April 29, 2016","format":false,"excerpt":"\r Debt charities to express concern as the amount of new unsecured lending to UK consumers reaches highest level 2005 The amount UK consumers owe on loans and credit cards grew by \u00a31.9bn in March, the highest figure in 11 years driven by a sharp rise in spending on plastic.Bank\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":64182,"position":5},"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 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