Jump to content
House Price Crash Forum
Sign in to follow this  

Consumer Borrowing Growth Slows

Recommended Posts

Consumer borrowing growth slows

Borrowing by individuals on credit cards, bank loans and hire purchase agreements is growing at its slowest pace for nearly 12 years.

Figures from the Bank of England show that in January consumer credit was growing at an annual rate of just 8.7%.

The numbers put consumer credit growth at its slowest pace since June 1994.

But other Bank figures show the amount of money being borrowed for mortgages rose by £9.2bn in January, the biggest increase in almost two years.

It seems the housing market is literally devouring other sectors of the economy, most notably retailers.

I for one am glad so much money is flowing into such productive assets that will allow our economy to expand and grow in the future :rolleyes:

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.