Latest Bank of England’s Money and Credit data has found that net borrowing of mortgage debt by individuals increased by £1 billion to £3.6 billion in December, bouncing back from a decrease in net borrowing of £0.9 billion in November. The annual growth rate for net mortgage lending rose to 1.5%, from 1.3% in November,…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in November 2024 by 1% compared with the same month in 2023. In the eleven months to November 2024, new business in this market was 1% higher than in the same period in 2023. The credit card and…
Read moreConsumer credit grew by £0.9 billion in November, down from £2.3 billion in November 2023, according to latest Bank of England data. The figures show that consumer credit growth dropped to its weakest level in more than two years. The data also showed that mortgage approvals fell in November. However the figures still remain above…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in October 2024 by 2% compared with the same month in 2023. In the ten months to October 2024, new business in this market was 1% higher than in the same period in 2023. The credit card and…
Read moreConsumer credit growth slowed slightly in October, according to the Bank of England, falling to 7.3% from 7.5% in September according to latest data from the Bank of England. The data showed that over the same period, the annual growth rate for credit card borrowing remained stable at 9.5% with net consumer credit borrowing by…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in September 2024 by 9% compared with the same month in 2023. In the first nine months of 2024, new business in this market was 1% higher than in the same period in 2023. The credit card and…
Read moreLatest Bank of England Money and Credit data has shown credit borrowing by individuals was £1.2 billion in September, down from £1.4 billion in the previous month. Commenting on the date Tom Cuppello, Director, Risk at Broadstone said “Consumer confidence has suffered in the run up to the Budget which appears to have hit borrowing…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in August 2024 by 1% compared with the same month in 2023. In the eight months to August 2024, new business in this market was at a similar level to the same period in 2023. The credit card…
Read moreLatest Bank of England Money and Credit data has shown that consumer credit by individuals amounted to £1.3 billion in August, a slight increase from £1.2 billion in July, which continues to be the highest since November 2022. August consumer credit borrowing slightly dropped to 7.6% year-on-year from the 7.8% seen in July. The data…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in July 2024 by 4% compared with the same month in 2023. In the seven months to July 2024, new business in this market held steady compared with the same period in 2023. The credit card and personal…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in June 2024 by 8% compared with the same month in 2023. In the first half of 2024, new business in this market held steady compared with the same period in 2023. The credit card and personal loans…
Read moreLatest Bank of England data shows that the annual growth rate for consumer credit, including credit cards, personal loans and overdrafts, dipped to 8% in June from 8.4% in May. The annual growth rate for credit card borrowing fell to 10.5%, from 10.8% in May. Net consumer credit borrowing dipped slightly in June to £1.2…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in April 2024 by 9% compared with the same month in 2023. In the first four months of 2024, new business in this market increased by 2% compared with the same period in 2023. The credit card and…
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