UK credit card borrowing rises at fastest annual rate in almost two years

Bank of England says individuals borrowed extra £2.1bn in consumer credit in NovemberBusiness live – latest updatesCredit card borrowing rose at the fastest annual rate for almost two years in...

By Richard Partington Senior economics correspondent · The Guardian World

Bank of England says individuals borrowed extra £2.1bn in consumer credit in November Business live – latest updates Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England , as households took on debt to finance the rising cost of Christmas. In a snapshot covering the month of Rachel Reeves’s highly anticipated autumn budget , the central bank said individuals borrowed an additional £2.1bn in consumer credit, up from a £1.7bn increase in October. Continue reading...