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Consumer Credit Races Ahead as UK Households Struggle to Cope

Posted on the 29 July 2022 by Phil's Stock World @philstockworld

UK consumer credit growth in June accelerated at the fastest rate in three years, as households struggle to cope with the rising cost of living. People borrowed an additional £1.8bn in consumer credit last month, up from a £900m increase in May, according to the latest Bank of England data. With ...

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