FX.co ★ UK Consumer Credit Growth Slows in February

In February 2025, the net consumer credit borrowing by individuals in the United Kingdom saw a decline to £1.36 billion, down from a revised figure of £1.70 billion in January. Breaking this down, net borrowing via credit cards fell to £0.8 billion in February from £1.1 billion the previous month. Meanwhile, net borrowing through alternative consumer credit avenues, such as car dealership finance and personal loans, held steady at £0.6 billion in February. The annual growth rate for all consumer credit remained consistent at 6.4% for February. Notably, the annual growth rate of credit card borrowing climbed to 8.9% from January's 8.5%, whereas the annual growth rate for other types of consumer credit decreased slightly to 5.2% from 5.5% during the same timeframe.