Consumer credit in the United Kingdom decreased by GBP 0.5 billion in March of 2021, following a GBP 1.2 billion drop in the previous month and matching market expectations. Consumers repaid net GBP 0.4 billion on credit cards and GBP 0.3 billion on other forms of consumer credit. However, this is smaller than seen on average each month over the past year (GBP 1.9 billion). Compared to the same month a year ago, the credit fell by 8.6 percent. source: Bank of England

Consumer Credit in the United Kingdom averaged 845.86 GBP Million from 1993 until 2021, reaching an all time high of 2251 GBP Million in January of 2005 and a record low of -7223 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 May of 2021.

Consumer Credit in the United Kingdom is expected to be -774.33 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 -556.40 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around -891.01 GBP Million in 2022 and -906.16 GBP Million in 2023, according to our econometric models.

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United Kingdom Consumer Credit

Actual Previous Highest Lowest Dates Unit Frequency
-535.00 -1168.00 2251.00 -7223.00 1993 - 2021 GBP Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-01 09:30 AM Dec £-0.965B £-1.467B £-1.1B £-1.2B
2021-03-01 09:30 AM Jan £-2.392B £-0.870B £-1.9B £-1.7B
2021-03-29 08:30 AM Feb £-1.246B £-2.65B £-1.25B £-1.6B
2021-05-04 08:30 AM Mar £-0.5B £-1.168B £-0.5B £-0.6B
2021-06-02 08:30 AM Apr £-0.5B
2021-06-29 08:30 AM May
2021-07-29 08:30 AM Jun £ -0.77B
2021-09-01 08:30 AM Jul


News Stream
Consumer Credit in the UK Falls for 8th Month
Consumer credit in the United Kingdom decreased by GBP 0.5 billion in March of 2021, following a GBP 1.2 billion drop in the previous month and matching market expectations. Consumers repaid net GBP 0.4 billion on credit cards and GBP 0.3 billion on other forms of consumer credit. However, this is smaller than seen on average each month over the past year (GBP 1.9 billion). Compared to the same month a year ago, the credit fell by 8.6 percent.
2021-05-04
Consumer Credit in the UK Falls for 7th Month
Consumer credit in the United Kingdom fell by GBP 1.2 billion in February of 2021, following a GBP 2.6 billion decrease in the previous month and matching market expectations. Consumers repaid net GBP 0.9 billion on credit cards and GBP 0.3 billion on other forms of consumer credit. However, this is a slightly smaller net repayment than the average of GBP 1.8 billion since March 2020. Compared to the same month a year ago, the credit fell by 9.9 percent, the most since the series began in 1994.
2021-03-29
UK Consumer Credit Falls the Most in 8 Months
Consumer credit in the United Kingdom fell by GBP 2.392 billion in January of 2021, following a downwardly revised GBP 0.870 billion decrease in the previous month and compared to market expectations of a GBP 1.9 billion drop. It was the biggest fall in consumer credit since May of 2020. Borrowing on credit cards declined by GBP 2.167 billion, and other loans and advances went down by GBP 0.225 billion. As a result, the annual growth rate fell further to -8.9%, a new series low since it began in 1994.
2021-03-01
UK Consumer Credit Falls Less than Expected
Consumer credit in the United Kingdom declined by GBP 0.965 billion in December of 2020, following a downwardly revised GBP 1.467 billion drop in the previous month and compared to market expectations of a GBP 1.1 billion decrease. Borrowing on credit cards went down by GBP 0.825 billion, and other loans and advances declined by GBP 0.141 billion. Total net repayments were GBP 16.6 billion in 2020, the weakest in one year on record. As a result, the annual growth rate fell further to -7.5% in December, a new series low since it began in 1994.
2021-02-01

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).