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The Independent UK
The Independent UK
Business
Vicky Shaw

Jump in credit card borrowing due to higher prices and approach of Christmas

PA Archive

Households piled an additional £1.2 billion onto credit cards as living costs increased and Christmas approached – marking the highest amount since 2004.

In total, people borrowed an additional £1.5 billion in consumer credit in November, jumping from £748 million in October, according to Bank of England figures.

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