Consumer credit in the United Kingdom declined by GBP 1.539 billion in November of 2020, following an upwardly revised GBP 0.698 billion drop in the previous month and compared to market forecasts of GBP 1.5 billion. Borrowing on credit cards went down by GBP 0.886 billion, and other loans and advances declined by GBP 0.653 billion. Since the beginning of March, households have repaid GBP 17.3 billion of consumer credit. That has caused the annual growth rate to fall to -6.7% in November, a new series low since it began in 1994. source: Bank of England

Consumer Credit in the United Kingdom averaged 872.42 GBP Million from 1993 until 2020, reaching an all time high of 2245 GBP Million in January of 2005 and a record low of -7500 GBP Million in April of 2020. This page provides the latest reported value for - United Kingdom Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Consumer Credit - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Consumer Credit in the United Kingdom is expected to be -2913.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in the United Kingdom to stand at -1588.00 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around -1620.00 GBP Million in 2022 and -1652.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Consumer Credit

Actual Previous Highest Lowest Dates Unit Frequency
-1539.00 -698.00 2245.00 -7500.00 1993 - 2020 GBP Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-29 08:30 AM Aug £0.3B £1.1B £1.45B £1.5B
2020-10-29 09:30 AM Sep £-0.6B £0.3B £0.75B £ 0.74B
2020-11-30 09:30 AM Oct £-0.6B £-0.63B £0.5B
2021-01-04 09:30 AM Nov £-1.539B £-0.698B £-1.5B £-1.4B
2021-02-01 09:30 AM Dec £-1.539B £-1.2B
2021-03-01 09:30 AM Jan
2021-03-29 08:30 AM Feb
2021-05-04 08:30 AM Mar £ -2.9B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
UK Consumer Credit Falls More than Expected
Consumer credit in the United Kingdom declined by GBP 1.539 billion in November of 2020, following an upwardly revised GBP 0.698 billion drop in the previous month and compared to market forecasts of GBP 1.5 billion. Borrowing on credit cards went down by GBP 0.886 billion, and other loans and advances declined by GBP 0.653 billion. Since the beginning of March, households have repaid GBP 17.3 billion of consumer credit. That has caused the annual growth rate to fall to -6.7% in November, a new series low since it began in 1994.
2021-01-04
UK Consumer Credit Falls for 2nd Month
Consumer credit in the United Kingdom dropped by 0.6 billion in October of 2020, following a GBP 0.6 billion decline in the previous month. Borrowing on credit cards went down by GBP 0.4 billion, and other loans and advances declined by GBP 0.1 billion. The weakness in consumer credit net flows pushed the annual growth rate down further in October to -5.6%, a new series low since it began in 1994.
2020-11-30
UK Consumer Credit Falls Unexpectedly
Consumer credit in the United Kingdom fell GBP 0.6 billion in September of 2020, following a GBP 0.3 billion rise in the previous month and well below market expectations of a GBP 0.75 billion increase. Borrowing on credit cards dropped by GBP 0.6 billion, and other loans and advances declined by GBP 0.1 billion. The weakness in consumer credit net flows pushed the annual growth rate down further in September to -4.6 percent, a new series low since it began in 1994.
2020-10-29
Consumer Credit in the UK Slows in August
Consumer credit in the United Kingdom increased by GBP 0.3 billion in August of 2020, following a downwardly revised GBP 1.1 billion rise in July and well below market forecasts of GBP 1.45 billion. Borrowing on credit cards fell to GBP 0.2 billion from GBP 0.6 billion and other forms of consumer credit slowed to GBP 0.1 billion from GBP 0.5 billion. Year-on-year, consumer credit fell 3.9 percent, following a 3.7 percent drop in July and hitting a fresh record low.
2020-09-29

United Kingdom Consumer Credit
Consumer credit (excluding student loans) is defined as borrowing by UK individuals to finance current expenditure on goods and/or services excluding loans issued by the Student Loans Company. Consumer credit (excluding student loans) is split into two components; credit card lending and ‘other’ lending (mainly overdrafts and other loans/advances).