1 August 2006
The rate of lending to individuals in the UK has slowed, according to Bank of England figures.
It recorded an increase in total net lending to individuals in June of £9.8 billion, lower than the increase in May and also below the previous six month average.
The twelve-month growth rate has been unchanged at 10.3% since March.
Secured loan lending for June was also below May's figure at £9.0 billion, but above the previous six month average. The twelve-month growth rate continued to increase marginally, by 0.1% to 11.0%.
The increase in consumer credit of £0.8 billion was lower than in May.
According to the official figures, there was hardly any growth in credit card lending in June, compared with a £0.2 billion increase in May.
Other loans and advances, such as personal loans, rose by £0.8 billion, also lower than the May increase of £1.1 billion.
The annual growth rate of consumer credit fell to 7.3% in June, continuing a downward trend.
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