Bank of England Money & Credit Statistics – June 2023

The Bank of England has published its latest Money and Credit Statistics for June. The key figures highlight that:

• Net borrowing of consumer credit by individuals rose to £1.7 billion in June, the highest since April 2018.
• Borrowing on credit cards remained stable at £0.6 billion, while borrowing through other forms of consumer credit (such as car dealership finance and personal loans) increased significantly from £0.5 billion in May to £1.0 billion in June.
• Net borrowing of mortgage debt by individuals increased to £0.1 billion in June, after net repayments of £0.1 billion in May and record high net repayments of £1.1 billion in April

Source: Bank of England