Net borrowing of consumer credit by UK individuals fell to £1.9 billion in September 2026, down from an upwardly revised £2.7 billion in August and below market expectations of £2.2 billion. The figure also came in below the previous six-month average of £2.1 billion. Credit card borrowing declined to £0.7 billion from £1.3 billion in August, while net borrowing through other forms of consumer credit, including car dealership finance and personal loans, eased to £1.2 billion from £1.4 billion. Despite the monthly slowdown, the annual growth rate of total consumer credit edged up to 9.8% from 9.7%. Credit card borrowing growth moderated to 13.1% from 13.3%, while growth in other consumer credit accelerated slightly to 8.3% from 8.1%. source: Bank of England

Consumer Credit in the United Kingdom decreased to 1914 GBP Million in September from 2683 GBP Million in August of 2026. Consumer Credit in the United Kingdom averaged 933.65 GBP Million from 1993 until 2026, reaching an all time high of 2683.00 GBP Million in August of 2026 and a record low of -7460.00 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 November of 2026.

Consumer Credit in the United Kingdom decreased to 1914 GBP Million in September from 2683 GBP Million in August of 2026. Consumer Credit in the United Kingdom is expected to be 1668.00 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 1693.00 GBP Million in 2027 and 1717.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-29 08:30 AM
BoE Consumer Credit
Aug £2.464B £2.097B £1.9B £1.9B
2026-10-29 09:30 AM
BoE Consumer Credit
Sep £1.914B £2.683B £2.2B £2.2B
2026-11-30 09:30 AM
BoE Consumer Credit
Oct £1.914B £3.2B


Related Last Previous Unit Reference
Bank Lending Rate 9.11 9.07 percent Sep 2026
CBI Distributive Trades -10.00 -55.00 Net Balance Oct 2026
GfK Consumer Confidence -24.00 -13.00 points Oct 2026
BoE Consumer Credit 1914.00 2683.00 GBP Million Sep 2026
Consumer Spending 439036.00 436418.00 GBP Million Sep 2026
Disposable Personal Income 457927.00 453116.00 GBP Million Jun 2026
Gasoline Prices 2.31 2.30 USD/Liter Oct 2026
Households Debt to GDP 72.60 73.50 percent of GDP Mar 2026
Net Lending to Individuals MoM 5780.00 6857.00 GBP Million Sep 2026
Personal Savings 8.80 8.60 percent Jun 2026
Retail Sales ex Fuel MoM -0.70 0.90 percent Sep 2026
Retail Sales MoM -0.40 0.70 percent Sep 2026
Retail Sales YoY 0.80 2.70 percent Sep 2026


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
1914.00 2683.00 2683.00 -7460.00 1993 - 2026 GBP Million Monthly
SA

News Stream
UK Consumer Credit Borrowing Below Forecasts
Net borrowing of consumer credit by UK individuals fell to £1.9 billion in September 2026, down from an upwardly revised £2.7 billion in August and below market expectations of £2.2 billion. The figure also came in below the previous six-month average of £2.1 billion. Credit card borrowing declined to £0.7 billion from £1.3 billion in August, while net borrowing through other forms of consumer credit, including car dealership finance and personal loans, eased to £1.2 billion from £1.4 billion. Despite the monthly slowdown, the annual growth rate of total consumer credit edged up to 9.8% from 9.7%. Credit card borrowing growth moderated to 13.1% from 13.3%, while growth in other consumer credit accelerated slightly to 8.3% from 8.1%.
2026-10-29
UK Consumer Credit Rises the Most on Record
Net borrowing of consumer credit by individuals in the UK rose to a record £2.5 billion in August 2026 from an upwardly revised £2.1 billion in July and largely beating market forecasts of £1.9 billion. This represented the highest level recorded since data collection began in April 1993, exceeding the previous six-month average of £1.9 billion. Within this, net borrowing through credit cards was £1.2 billion in August, up from £0.9 billion in July. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, increased to £1.3 billion, from £1.2 billion over the same period. The annual growth rate for all consumer credit increased slightly to 9.6% in August, from 9.3% in July. Over the same period, the annual growth rate for credit card borrowing increased to 13.3% from 12.6% in July, and the annual growth rate for other forms of consumer credit increased slightly to 7.9%, from 7.7% in July.
2026-09-29
UK Consumer Credit Growth Tops Forecasts
Net borrowing of consumer credit by individuals in the UK rose slightly to £2 billion in July 2026 from £1.9 billion in June, overshooting market forecasts of £1.8 billion. It was the highest reading since last November, slightly above the previous 6-month average of £1.9 billion. Within this, net credit card borrowing eased to £0.9 billion in July from £1.0 billion in June, while borrowing through other consumer credit, including car finance and personal loans, increased to £1.1 billion from £0.9 billion. The annual growth rate for all consumer credit inched up to 9.2% in July, from 9.1% in June. Over the same period, the annual growth rate for credit card borrowing remained unchanged at 12.5%, and the annual growth rate for other forms of consumer credit increased slightly to 7.7%, from 7.6% in June.
2026-09-01