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KM Financial Solutions | UK consumers up borrowing at slowest rate since 2014 – BoE
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UK consumers up borrowing at slowest rate since 2014 – BoE

02 Jan UK consumers up borrowing at slowest rate since 2014 – BoE

Posted at 09:31h in News by
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British consumers increased their borrowing in November at the slowest rate in more than five years, according to Bank of England data on Friday that added to signs the economy stalled late last year.
The growth rate in unsecured consumer lending slowed to 5.7% in the 12 months to November from 6.1% in October, the BoE said, marking the smallest increase since June 2014.
The figures also showed credit card repayments exceeded borrowing for the first time since J

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