Consumer Credit in the United Kingdom decreased to 1524 GBP Million in December from 2143 GBP Million in November of 2025. Consumer Credit in the United Kingdom averaged 908.27 GBP Million from 1993 until 2025, reaching an all time high of 2292.00 GBP Million in November of 2023 and a record low of -7438.00 GBP Million in April of 2020. source: Bank of England

Consumer Credit in the United Kingdom is expected to be 1044.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Consumer Credit is projected to trend around 1569.00 GBP Million in 2027 and 1590.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-05 09:30 AM
BoE Consumer Credit
Nov £2.077B £1.713B £1.1B £1.2B
2026-01-30 09:30 AM
BoE Consumer Credit
Dec £1.524B £2.143B £1.7B £1.9B
2026-03-02 09:30 AM
BoE Consumer Credit
Jan £1.524B £1.2B


Related Last Previous Unit Reference
Bank Lending Rate 8.61 8.63 percent Dec 2025
CBI Distributive Trades -17.00 -44.00 Net Balance Jan 2026
GfK Consumer Confidence -16.00 -17.00 points Jan 2026
BoE Consumer Credit 1524.00 2143.00 GBP Million Dec 2025
Consumer Spending 416754.00 415317.00 GBP Million Sep 2025
Disposable Personal Income 439388.00 442292.00 GBP Million Sep 2025
Gasoline Prices 1.77 1.84 USD/Liter Jan 2026
Households Debt to GDP 74.30 74.90 percent of GDP Jun 2025
Net Lending to Individuals MoM 6126.00 6737.00 GBP Million Dec 2025
Personal Savings 9.50 10.20 percent Sep 2025
Retail Sales ex Fuel MoM 0.30 -0.40 percent Dec 2025
Retail Sales MoM 0.40 -0.10 percent Dec 2025
Retail Sales YoY 2.50 1.80 percent Dec 2025


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).
Actual Previous Highest Lowest Dates Unit Frequency
1524.00 2143.00 2292.00 -7438.00 1993 - 2025 GBP Million Monthly
SA

News Stream
UK Consumer Credit Falls More than Anticipated
Net borrowing of consumer credit by individuals in the UK fell to £1.52 billion in December 2025, the lowest in three months, from the upwardly revised £2.14 billion in November and below market forecasts of £1.7 billion. Net borrowing on credit cards decreased to £0.7 billion from £1.0 billion in November. Similarly, net borrowing through other forms of consumer credit, including car dealership finance and personal loans, declined to £0.8 billion in December from £1.2 billion the previous month. The annual growth rate for total consumer credit remained steady at 8.2% in December. Meanwhile, the annual growth rate for credit card borrowing rose to 12.4% from 12.1%, marking the highest level since January 2024 at 12.5%. The annual growth rate for other forms of consumer credit held steady at 6.4%, the highest since September 2024 at 6.6%.
2026-01-30
UK Credit Growth at 2-Year High, Tops Estimates
Net borrowing of consumer credit by individuals in the UK rose to £2.1 billion in November 2025 from an upwardly revised £1.7 billion in the previous month and well above market forecasts of £1.1 billion. It was the highest reading since November 2023, as net borrowing through credit cards went up to £1.0 billion in November from £0.7 billion in October. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, slightly increased to £1.1 billion in November from £1.0 billion. The annual growth rate for all consumer credit rose to 8.1% in November, from 7.5% in the previous month. Over the same period, the annual growth rate for credit card borrowing increased to 12.1% from 10.9%, the highest since January 2024 (12.5%), while the annual growth rate for other forms of consumer credit increased to 6.3% from 6.0%, the highest since September 2024 (6.6%).
2026-01-05
UK Consumer Credit at 5-Month Low
Net borrowing of consumer credit by individuals in the UK decreased for the second consecutive month to £1.1 billion in October 2025, the lowest in five months, from a revised £1.4 billion in the previous month and below market forecasts of £1.4 billion. In October, net borrowing through credit cards slightly decreased, to £0.6 billion from £0.7 billion. Net borrowing through other forms of consumer credit such as car dealership finance and personal loans was £0.5 billion in October, down from £0.7 billion in September. The annual growth rate for all consumer credit remained unchanged at 7.2% in October. Over the same period, the annual growth rate for credit card borrowing slightly increased, to 10.9% from 10.8%, while the annual growth rate for other forms of consumer credit decreased to 5.5% from 5.7%.
2025-12-01