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Personal borrowing climbs by 14%

Personal borrowing climbs by 14%

  • Posted by studio55
  • On January 27, 2020
Personal borrowing through loans last month was 14% higher than in December 2018 but UK Finance said that reflected “the exceptionally weak demand a year earlier”. Credit card spending climbed 7.3% over the year to £11.8bn in December but the actual level of borrowing on cards is currently growing at 2.4% a year.
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