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. source: Bank of England

Consumer Credit in the United Kingdom increased to 2464 GBP Million in August from 2097 GBP Million in July of 2026. Consumer Credit in the United Kingdom averaged 930.34 GBP Million from 1993 until 2026, reaching an all time high of 2464.00 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 October of 2026.

Consumer Credit in the United Kingdom increased to 2464 GBP Million in August from 2097 GBP Million in July of 2026. Consumer Credit in the United Kingdom is expected to be 1660.00 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 1685.00 GBP Million in 2027 and 1708.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-01 08:30 AM
BoE Consumer Credit
Jul £2.006B £1.865B £1.8B £1.9B
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 £2.464B £ 1.6B


Related Last Previous Unit Reference
Bank Lending Rate 9.07 9.03 percent Jul 2026
CBI Distributive Trades -55.00 -48.00 Net Balance Sep 2026
GfK Consumer Confidence -13.00 -14.00 points Sep 2026
BoE Consumer Credit 2464.00 2097.00 GBP Million Aug 2026
Consumer Spending 436418.00 434933.00 GBP Million Jun 2026
Disposable Personal Income 457927.00 453116.00 GBP Million Jun 2026
Gasoline Prices 2.30 2.19 USD/Liter Sep 2026
Households Debt to GDP 72.60 73.50 percent of GDP Mar 2026
Net Lending to Individuals MoM 6874.00 6300.00 GBP Million Aug 2026
Personal Savings 8.80 8.60 percent Jun 2026
Retail Sales ex Fuel MoM 0.60 -0.90 percent Aug 2026
Retail Sales MoM 0.50 -0.50 percent Aug 2026
Retail Sales YoY 2.40 1.20 percent Aug 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
2464.00 2097.00 2464.00 -7460.00 1993 - 2026 GBP Million Monthly
SA

News Stream
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
UK Consumer Credit Rises More than Expected
Net borrowing of consumer credit by individuals in the UK slightly increased to £1.807 billion in June 2026 from £1.7 billion in May, and beating market forecasts of £1.7 billion. This was in line with the previous 6-month average of £1.8 billion. Within this, net borrowing through credit cards was £0.9 billion in June, up from £0.6 billion in May. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, decreased to £0.9 billion in June, from £1.1 billion in May. The annual growth rate for all consumer credit increased slightly to 9.1% in June, the most since July 2018, from 9.0% in May. Over the same period, the annual growth rate for credit card borrowing increased to 12.5% from 12.2%, while for other forms of consumer credit it remained unchanged at 7.6%.
2026-07-29