- Prior 52.01k; revised to 51.49k
- Net consumer credit £1.6 billion vs £1.5 billion expected
- Prior £1.6 billion
Borrowing of mortgage debt by UK individuals declined further to a record low, that is if you strip out the pandemic period, falling from net zero to £1.4 billion of net repayments in April. Tighter financial conditions are clearly weighing and that is something to be wary about as recession risks grow in the months ahead.