Net borrowing of consumer credit by individuals in the UK rose to £1.9 billion in February 2026, compared to the upwardly revised £1.8 billion in January and above forecasts of a £1.6 billion advance. It was the highest reading since last November, slightly above the six-month average of £1.8 billion. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, increased to £1.2 billion in February, up from £0.9 billion in January. Meanwhile, net borrowing through credit cards was £0.8 billion in February, down from £0.9 billion in January. The annual growth rate for all consumer credit increased to 8.5% in February from 8.3% in January. Over the same period, the annual growth rate for credit card borrowing decreased to 12.1% from 12.3%, and the annual growth rate for other forms of consumer credit increased to 6.9% from 6.6% source: Bank of England

Consumer Credit in the United Kingdom increased to 1935 GBP Million in February from 1828 GBP Million in January of 2026. Consumer Credit in the United Kingdom averaged 913.52 GBP Million from 1993 until 2026, 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. 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 March of 2026.

Consumer Credit in the United Kingdom increased to 1935 GBP Million in February from 1828 GBP Million in January of 2026. 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 1721.00 GBP Million in 2027 and 1745.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-02 09:30 AM
BoE Consumer Credit
Jan £1.812B £1.652B £1.7B £1.2B
2026-03-30 08:30 AM
BoE Consumer Credit
Feb £1.935B £1.828B £1.6B £1.3B
2026-05-01 08:30 AM
BoE Consumer Credit
Mar £1.935B £ 1B


Related Last Previous Unit Reference
Bank Lending Rate 8.76 8.61 percent Jan 2026
CBI Distributive Trades -52.00 -43.00 Net Balance Mar 2026
GfK Consumer Confidence -21.00 -19.00 points Mar 2026
BoE Consumer Credit 1935.00 1828.00 GBP Million Feb 2026
Consumer Spending 418232.00 417589.00 GBP Million Dec 2025
Disposable Personal Income 439388.00 442292.00 GBP Million Sep 2025
Gasoline Prices 1.99 1.79 USD/Liter Mar 2026
Households Debt to GDP 73.90 73.90 percent of GDP Sep 2025
Net Lending to Individuals MoM 6775.00 6039.00 GBP Million Feb 2026
Personal Savings 9.50 10.20 percent Sep 2025
Retail Sales ex Fuel MoM -0.40 2.20 percent Feb 2026
Retail Sales MoM -0.40 2.00 percent Feb 2026
Retail Sales YoY 2.50 4.80 percent Feb 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
1935.00 1828.00 2292.00 -7438.00 1993 - 2026 GBP Million Monthly
SA

News Stream
UK Consumer Credit Growth Tops Forecasts
Net borrowing of consumer credit by individuals in the UK rose to £1.9 billion in February 2026, compared to the upwardly revised £1.8 billion in January and above forecasts of a £1.6 billion advance. It was the highest reading since last November, slightly above the six-month average of £1.8 billion. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, increased to £1.2 billion in February, up from £0.9 billion in January. Meanwhile, net borrowing through credit cards was £0.8 billion in February, down from £0.9 billion in January. The annual growth rate for all consumer credit increased to 8.5% in February from 8.3% in January. Over the same period, the annual growth rate for credit card borrowing decreased to 12.1% from 12.3%, and the annual growth rate for other forms of consumer credit increased to 6.9% from 6.6%.
2026-03-30
UK Consumer Credit Rises More than Expected
Net borrowing of consumer credit by individuals in the UK rose to £1.81 billion in January 2026, from the upwardly revised £1.65 billion in December and above market forecasts of £1.7 billion and consistent with the six-month trend. Net borrowing through credit cards was £0.9 billion in January, up from £0.8 billion in December. The annual growth rate for all consumer credit remained unchanged at 8.3% in January. Over the same period, the annual growth rate for credit card borrowing decreased to 12.3% from 12.4%, and the annual growth rate for other forms of consumer credit increased to 6.5% from 6.4%.
2026-03-02
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