Net borrowing of consumer credit by individuals in the UK eased slightly to £1.66 billion in May of 2026 from the downwardly revised £1.71 billion in the prior month and missing market forecasts of £1.8 billion. This was slightly below the previous 6-month average of £1.9 billion. Within this, net borrowing through credit cards was £0.6 billion in May, down from £0.8 billion in April. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, increased to £1.1 billion in May, from £0.9 billion in April. The annual growth rate for all consumer credit was 8.9% in May, up from 8.7% in April. Over the same period, the annual growth rate for credit card borrowing increased to 12.1% from 11.8%, and the annual growth rate for other forms of consumer credit increased to 7.5% from 7.4%. source: Bank of England

Consumer Credit in the United Kingdom decreased to 1662 GBP Million in May from 1713 GBP Million in April of 2026. Consumer Credit in the United Kingdom averaged 920.14 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 July of 2026.

Consumer Credit in the United Kingdom decreased to 1662 GBP Million in May from 1713 GBP Million in April of 2026. Consumer Credit in the United Kingdom is expected to be 1525.00 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
2026-06-02 08:30 AM
BoE Consumer Credit
Apr £1.859B £1.904B £1.7B £1.8B
2026-06-29 08:30 AM
BoE Consumer Credit
May £1.662B £1.713B £1.8B £1.8B
2026-07-29 08:30 AM
BoE Consumer Credit
Jun £1.662B £ 1.5B


Related Last Previous Unit Reference
Bank Lending Rate 8.99 8.98 percent May 2026
CBI Distributive Trades -54.00 -46.00 Net Balance Jun 2026
GfK Consumer Confidence -23.00 -23.00 points Jun 2026
BoE Consumer Credit 1662.00 1713.00 GBP Million May 2026
Consumer Spending 419235.00 416831.00 GBP Million Mar 2026
Disposable Personal Income 438073.00 441556.00 GBP Million Mar 2026
Gasoline Prices 2.01 2.14 USD/Liter Jun 2026
Households Debt to GDP 73.60 73.70 percent of GDP Dec 2025
Net Lending to Individuals MoM 4551.00 6152.00 GBP Million May 2026
Personal Savings 8.90 9.60 percent Mar 2026
Retail Sales ex Fuel MoM 1.20 -0.10 percent May 2026
Retail Sales MoM 1.20 -1.00 percent May 2026
Retail Sales YoY 3.20 0.10 percent May 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
1662.00 1713.00 2292.00 -7438.00 1993 - 2026 GBP Million Monthly
SA

News Stream
UK Consumer Credit Growth Misses Forecasts
Net borrowing of consumer credit by individuals in the UK eased slightly to £1.66 billion in May of 2026 from the downwardly revised £1.71 billion in the prior month and missing market forecasts of £1.8 billion. This was slightly below the previous 6-month average of £1.9 billion. Within this, net borrowing through credit cards was £0.6 billion in May, down from £0.8 billion in April. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, increased to £1.1 billion in May, from £0.9 billion in April. The annual growth rate for all consumer credit was 8.9% in May, up from 8.7% in April. Over the same period, the annual growth rate for credit card borrowing increased to 12.1% from 11.8%, and the annual growth rate for other forms of consumer credit increased to 7.5% from 7.4%.
2026-06-29
UK Consumer Credit Little Changed in April
Net borrowing of consumer credit by individuals in the UK eased slightly to £1.86 billion in April 2026 from the upwardly revised £1.90 billion in the previous month, though above forecasts of £1.7 billion. Within this, net borrowing through credit cards was £0.8 billion in April, up from £0.7 billion in March. Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, decreased to £1.0 billion from £1.2 billion in March. The annual growth rate for all consumer credit decreased to 8.8% in April. Over the same period, the annual growth rate for credit card borrowing decreased to 11.8% from 12.3%, and the annual growth rate for other forms of consumer credit remained unchanged at 7.4%.
2026-06-02
UK Consumer Credit Inches Lower
Net borrowing of consumer credit by individuals in the UK eased to £1.9 billion in March of 2026 from the upwardly revised £1.94 billion in the previous month, but overshot market forecasts of £1.8 billion. The result was also above the six-month average of £1.8 billion. Net borrowing through other forms of consumer credit, such as car dealership finances and personal loans, eased to £1.2 billion from £1.3 billion in the previous month. Meanwhile, consumer credit through credit cards remained relatively unchanged from the previous month at £0.7 billion. The annual growth rate for all consumer credit increased to 8.9% in the period, picking up from the 8.6% increase earlier amid a 12.3% jump in credit card borrowing and 7.4% growth in other forms of consumer credit.
2026-05-01