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01.09.202509:19:52UTC+00UK Consumer Credit Growth Tops Forecasts

In July 2025, consumer credit net borrowing by individuals in the UK climbed to £1.6 billion, a rise from the revised figure of £1.5 billion in May, surpassing market predictions of a £1.35 billion increment. This marked the highest level in three months. Specifically, net borrowing via credit cards saw a slight increase to £0.8 billion in July from £0.7 billion in June. Similarly, net borrowing from other consumer credit types, including car dealership finance and personal loans, increased to £0.9 billion in July from £0.7 billion in June. The annual growth rate for all consumer credit inched up to 7.0% in July from 6.8% the previous month. Concurrently, the annual growth for credit card borrowing advanced to 10.1% from 9.7%, while the growth rate for other consumer credit forms modestly increased to 5.6% from 5.5%.

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