Record repayment of consumer borrowing

The Bank of England has just reported that unsecured loans, which include bank loans but exclude mortgages, fell by £713m in October, which is the biggest month-on-month fall since records began in 1993.   The total amount of unsecured consumer borrowing now stands at £228bn. When we look at the change in consumer credit for October the figures show that … Continue reading

Posted by Nigel Tree | Comments Off on Record repayment of consumer borrowing