Credit card spend surged in run-up to Christmas

It was the greatest month to month raise in credit score card borrowing considering that July 2020.

This contrasts with November 2020, when homes lowered their credit card balances by having to pay off a net £915m of exceptional credit card debt.

The Financial institution of England information showed the year-on-year development rate for all buyer credit rating was .4%, the initial boost due to the fact March 2020.