Between 2006 and 2024, consumer loans in the United Kingdom (UK) fluctuated more than mortgage lending. After a very sharp fall in mid to late 2020 and early 2021, the value of consumer credit began to increase again, reaching a positive annual growth rate of 0.9 percent in November 2021. Meanwhile, the value of mortgages kept growing at a steadier pace throughout that entire period.
Year-on-year change of household loans in the United Kingdom from January 2006 to February 2024, by type
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Bank of England. (April 4, 2024). Year-on-year change of household loans in the United Kingdom from January 2006 to February 2024, by type [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1333198/monthly-y-o-y-change-household-loans-uk/
Bank of England. "Year-on-year change of household loans in the United Kingdom from January 2006 to February 2024, by type." Chart. April 4, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1333198/monthly-y-o-y-change-household-loans-uk/
Bank of England. (2024). Year-on-year change of household loans in the United Kingdom from January 2006 to February 2024, by type. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1333198/monthly-y-o-y-change-household-loans-uk/
Bank of England. "Year-on-year Change of Household Loans in The United Kingdom from January 2006 to February 2024, by Type." Statista, Statista Inc., 4 Apr 2024, https://www.statista.com/statistics/1333198/monthly-y-o-y-change-household-loans-uk/
Bank of England, Year-on-year change of household loans in the United Kingdom from January 2006 to February 2024, by type Statista, https://www.statista.com/statistics/1333198/monthly-y-o-y-change-household-loans-uk/ (last visited October 31, 2024)
Year-on-year change of household loans in the United Kingdom from January 2006 to February 2024, by type [Graph], Bank of England, April 4, 2024. [Online]. Available: https://www.statista.com/statistics/1333198/monthly-y-o-y-change-household-loans-uk/