{"id":73243,"date":"2017-11-29T20:05:42","date_gmt":"2017-11-29T13:05:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-consumer-credit-growth-falls-to-18-month-low\/"},"modified":"2017-11-29T21:04:06","modified_gmt":"2017-11-29T14:04:06","slug":"uk-consumer-credit-growth-falls-to-18-month-low","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-consumer-credit-growth-falls-to-18-month-low\/","title":{"rendered":"UK consumer credit growth falls to 18-month low"},"content":{"rendered":"


\nDecline will soothe Bank of England fears about reckless lending when household incomes face squeezeThe UK\u2019s consumer debt boom eased back in October after growth in lending on credit cards and loans fell to an 18-month low.The Bank of England said unsecured consumer credit grew by 9.6% year on year in October, down from 9.8% in September, soothing fears that banks were lending recklessly at a time when household incomes have come under pressure from stagnant pay growth and high inflation. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK consumer credit growth falls to 18-month low<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Decline will soothe Bank of England fears about reckless lending when household incomes face squeezeThe...<\/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-73243","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-j3l","jetpack-related-posts":[{"id":70434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-jump-in-uk-consumer-borrowing-fuels-likely-interest-rate\/","url_meta":{"origin":73243,"position":0},"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":59090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-ordered-to-hold-more-capital-as-consumer-debt-surges\/","url_meta":{"origin":73243,"position":1},"title":"UK banks ordered to hold more capital as consumer debt surges","date":"June 27, 2017","format":false,"excerpt":"\r Bank of England brings forward annual stress tests as Threadneedle Street grows anxious over lenders\u2019 exposure to consumer creditThe Bank of England is to force banks to hold more capital in the face of rapid growth in lending on credit cards, car finance and personal loans.The intervention by Threadneedle\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":73243,"position":2},"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":50872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-sounds-new-alarm-over-consumer-credit-binge\/","url_meta":{"origin":73243,"position":3},"title":"Bank of England sounds new alarm over consumer credit binge","date":"April 4, 2017","format":false,"excerpt":"\r Minutes show Bank is growing concerned at the mounting risk to lenders as more consumers tap looser borrowing conditionsThe Bank of England has flagged up new concerns about the rapid growth in consumer borrowing as Britons rack up debt on credit cards, car purchase schemes and personal loans.Reinforcing recent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":73243,"position":4},"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":51809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-cracking-down-on-lending-after-borrowing-binge-survey-finds\/","url_meta":{"origin":73243,"position":5},"title":"Banks cracking down on lending after borrowing binge, survey finds","date":"April 13, 2017","format":false,"excerpt":"\r Bank of England has vouced concern over rising consumer debt, including credit cards, car loans and second mortgagesWorried lenders are starting to put the brakes on Britain\u2019s consumer borrowing binge and plan to get tougher on credit card users, according to a Bank of England survey.Its poll of all\u2026","rel":"","context":"In "Property 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