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News 2026-09-29 08:46 UTC

UK consumer lending rises at fastest pace since 1993, BoE says

LONDON, Sept 29 (Reuters) — Unsecured lending to British households rose at the fastest annual pace since at least 1993 in August, and lenders approved the fewest mortgages in nearly three years, Bank of England data showed on Tuesday. Net unsecured lending to consumers rose by £2.464 billion ($3.26 billion) on the mon

News 2026-09-29 08:45 UTC

UK consumer lending rises at fastest pace since 1993, BoE says

Unsecured lending to British households rose at the fastest annual pace since at least 1993 in August, and lenders approved the fewest mortgages in nearly three years, Bank of England data showed on Tuesday.Net unsecured lending to consumers rose by £2.464 billion ($3.26 billion) on the month, wel…