Wednesday, April 2, 2008

UK consumer borrowing hits five-year high

By Nick Allen Last Updated: 2:58pm BST 02/04/2008

The amount that Britons borrowed through credit cards, overdrafts and loans has soared to the highest level in more than five years, signalling that cash-strapped consumers are feeling the pinch.
Consumer credit rose to £2.35bn in February, the highest level since October 2002, according to figures released today from the Bank of England.

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