UK Consumer Credit Falls More than Anticipated

EthereumCraftsman · 2026-01-30T16:08:32+00:00

UK consumer credit net borrowing decreased to £1.52 billion in December 2025, down from £2.14 billion in November. Credit card borrowing fell to £0.7 billion, while other consumer credit types dropped to £0.8 billion. Annual growth rates remained steady overall, with credit cards rising to 12.4%.

EthereumCraftsman

2026-01-30 16:08:32

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Net borrowing of consumer credit by individuals in the UK fell to £1.52 billion in December 2025 from the upwardly revised £2.14 billion in the prior month and below market forecasts of £1.7 billion. Net borrowing on credit cards decreased to £0.7 billion from £1.0 billion in November. Similarly, net borrowing through other forms of consumer credit, including car dealership finance and personal loans, declined to £0.8 billion in December from £1.2 billion the previous month. The annual growth rate for total consumer credit remained steady at 8.2% in December. Meanwhile, the annual growth rate for credit card borrowing rose to 12.4% from 12.1%, marking the highest level since January 2024 at 12.5%. The annual growth rate for other forms of consumer credit held steady at 6.4%, the highest since September 2024 at 6.6%.

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