Private lending up by £5.9bn in August

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The latest figures from the major banking groups show that in August lending to private individuals ...

The latest figures from the major banking groups show that in August lending to private individuals rose by £5.9bn. Credit card borrowing increased by £361m during the month, above the average underlying rise of £260m in the previous six months. Total deposits in August increased by just £0.5bn, up by 0.1% to £605bn. This was the smallest increase since December 2001, when there was a net outflow of £0.1bn.

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