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British consumer borrowing rises
Gulf Today
|January 06, 2026
British consumer borrowing rose by the most in two years in November, Bank of England data showed on Monday, suggesting household demand remained solid ahead of finance minister Rachel Reeves’ budget.
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Consumer borrowing grew by a net 2.08 billion pounds ($2.79 billion) during the month, the most since November 2023 and more than any forecast in a Reuters poll of economists.
The increase was above October's 1.713 billion-pound rise, taking the annual rate of consumer credit growth to 8.1%, the fastest since the 12 months to May 2024.
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