FX.co ★ UK Consumer Credit Growth at 9-Month Low

In March 2025, net consumer credit borrowing by individuals in the United Kingdom totaled £0.9 billion, marking the lowest level since June of the previous year. This figure follows a revised £1.3 billion in February and falls short of market expectations of £1.2 billion. Specifically, net borrowing via credit cards declined to £0.2 billion, the lowest point since April 2024. Meanwhile, borrowing from other consumer credit sources, including car dealership financing and personal loans, remained stable at £0.6 billion in March. The annual growth rate for all consumer credit decreased to 6.1% in March, down from 6.4% in February. Concurrently, the annual growth rate for credit card lending fell to 8.4% from 8.9%, and for other types of consumer credit, the rate saw a slight decline to 5.2% from 5.3%.