UK consumer credit growth: history
Bank of England publishes 390 monthly values for this series, from Mar 1994 to Aug 2026. The latest is 9.6% for Aug 2026. The highest value in the series is 17.7%, first reached in Oct 1998; the lowest is -9.9%, first reached in Feb 2021. Ten years before 2026, in 2016, the yearly value was 10.12%; in 2026 it was 8.98%.
Source: Bank of England, Bank of England database series LPMB4TC. Read from the publisher's data file, refreshed every six hours. Download the full series (CSV).
consumer credit growth by year
Each year shows the average of that year's values, the value on the last working day and the year's high and low, worked out from the Bank of England's daily series.
| Year | Average | End of year | High | Low |
|---|---|---|---|---|
| 2026 | 8.98% | 9.6% | 9.6% | 8.4% |
| 2025 | 7.03% | 8.2% | 8.2% | 6.2% |
| 2024 | 7.85% | 6.5% | 9% | 6.5% |
| 2023 | 7.8% | 8.6% | 8.6% | 7.3% |
| 2022 | 6.12% | 7.3% | 7.3% | 3.3% |
| 2021 | -3.4% | 1.6% | 1.6% | -9.9% |
| 2020 | -1.95% | -7.5% | 6% | -7.5% |
| 2019 | 6.48% | 6.1% | 7.4% | 5.9% |
| 2018 | 9.14% | 7.4% | 10.2% | 7.4% |
| 2017 | 10.31% | 10.3% | 10.6% | 9.9% |
| 2016 | 10.12% | 10.7% | 10.9% | 9.2% |
| 2015 | 7.68% | 8.7% | 8.7% | 6.7% |
| 2014 | 5.87% | 6.6% | 6.7% | 5.1% |
| 2013 | 3.63% | 4.9% | 5.2% | 1.7% |
| 2012 | -0.31% | 1.2% | 1.2% | -0.9% |
| 2011 | -0.81% | -0.9% | -0.3% | -1.5% |
| 2010 | -1.81% | -1.3% | -1.3% | -2.3% |
| 2009 | 0.75% | -1.3% | 3.6% | -1.4% |
| 2008 | 5.05% | 3.7% | 5.9% | 3.7% |
| 2007 | 4.9% | 5% | 5.4% | 4.5% |
| 2006 | 6.94% | 5.7% | 9.1% | 5.7% |
| 2005 | 12.12% | 9.6% | 14.1% | 9.6% |
| 2004 | 13.8% | 14.1% | 14.1% | 13.6% |
| 2003 | 14.43% | 13.5% | 15% | 13.5% |
| 2002 | 15.26% | 15.4% | 16% | 14.4% |
| 2001 | 12.48% | 14% | 14% | 11.5% |
| 2000 | 13.74% | 12.5% | 14.6% | 12.5% |
| 1999 | 15.35% | 14.6% | 16.2% | 14.5% |
| 1998 | 16.73% | 16.6% | 17.7% | 15.9% |
| 1997 | 16.4% | 15.8% | 17.6% | 15.2% |
| 1996 | 15.14% | 16.5% | 16.6% | 13.5% |
| 1995 | 12.61% | 13.7% | 13.7% | 11.3% |
| 1994 | 8.91% | 11% | 11% | 6.5% |
Latest monthly values
| Period | Value |
|---|---|
| Aug 2026 | 9.6% |
| Jul 2026 | 9.3% |
| Jun 2026 | 9.1% |
| May 2026 | 9.1% |
| Apr 2026 | 8.8% |
| Mar 2026 | 8.9% |
| Feb 2026 | 8.6% |
| Jan 2026 | 8.4% |
| Dec 2025 | 8.2% |
| Nov 2025 | 8.1% |
| Oct 2025 | 7.5% |
| Sep 2025 | 7.3% |
| Aug 2025 | 7.2% |
| Jul 2025 | 7% |
| Jun 2025 | 6.8% |
| May 2025 | 6.6% |
| Apr 2025 | 6.7% |
| Mar 2025 | 6.2% |
| Feb 2025 | 6.4% |
| Jan 2025 | 6.4% |
| Dec 2024 | 6.5% |
| Nov 2024 | 6.6% |
| Oct 2024 | 7.3% |
| Sep 2024 | 7.5% |
What this figure measures
Consumer credit is borrowing by individuals that is not secured on property: credit cards, overdrafts, personal loans and car finance arranged through dealerships, from banks and other lenders. The figure shown is how much the total amount outstanding has grown over the past 12 months, after taking out the effect of write-offs and other changes that are not new borrowing or repayment. Since August 2012 the Bank of England has excluded government student loans from this series; it publishes a separate annual update that includes them.
For the latest value with what it means and how to read it, see UK consumer credit growth.
These are the publisher's own numbers, repeated without adjustment. Earlier values can be revised when the publisher revises its series; this page always shows the series as it stands today.