FX.co ★ UK Consumer Credit at 5-Month Low

In October 2025, the UK's net borrowing of consumer credit by individuals fell for the second month in a row, reaching £1.1 billion, the lowest level in five months. This figure represents a decline from the revised £1.4 billion recorded in the previous month and falls short of market expectations, which were also set at £1.4 billion. Specifically, net borrowing via credit cards edged down to £0.6 billion from £0.7 billion. Similarly, net borrowing through other consumer credit avenues, such as car dealership finance and personal loans, decreased to £0.5 billion, compared to £0.7 billion in September. The annual growth rate for overall consumer credit held steady at 7.2% in October. During the same period, the annual growth rate for borrowing on credit cards witnessed a slight uptick, rising to 10.9% from 10.8%, whereas the annual growth rate for other consumer credit types saw a reduction to 5.5% from 5.7%.