Report British Consumers Borrowed £1.25 Billion Pounds New Money In November in House prices and the economy Posted January 3, 2015 Is credit the only thing keeping businesses going, keeping people spending? What would happen to the economy if the credit stopped? What percentage of the borrowing have they purposely factored in and expect to go into default, quite a fair bit I would expect.....keeps the plates spinning. http://www.dailymail.co.uk/news/article-2895286/Warning-UK-consumers-running-highest-levels-debt-credit-crunch-borrowing-levels-hit-1-25BILLION-November.html An increase in personal credit at this juncture indicates a small lift in confidence that the so called recovery is here to stay. Unfortunately this will be proved wrong as markets are gradually heading towards a precipice. The balance of payments is showing the largest deficit since records began in 1955 ! This shows borrowing in the economy, whether govt or corporate or privat, as a whole, is woefully out of control.