Lending to Individuals
December 2006
The Bank of England has ceased to update the separate data on consumer credit provided by other specialist lenders, retailers, and insurance companies, previously contained in Table A5.6 of Monetary and Financial Statistics. The final month for which separate data are available on the Bank's Statistical Interactive Database is November 2006. The three categories have been merged into “other consumer credit lenders”.
The increase in total net lending to individuals in December (£11.6 billion) was higher than the increase in November (£11.2 billion) and the previous six-month average (Table A). The twelve-month growth rate increased by 0.1pp to 10.6%. The three-month annualised growth rate rose by 0.4 percentage points to 11.3%.
Within the total, the increase in net lending secured on dwellings (£10.6 billion) was above the increase in November and the previous six-month average (Table A). The twelve-month growth rate increased by 0.1pp to 11.5%. The three-month annualised growth rate rose by 0.5 percentage points to 12.3%. The number of loans approved for house purchase (113,000), remortgaging (100,000) and other purposes (77,000) were all lower than in November (Table B).
The increase in net consumer credit in December (£1.0 billion) was lower than the increase in November (Table A). Net credit card lending (of £0.3 billion) was higher than in November. Net other loans and advances rose by £0.8 billion (lower than the increase of £1.0 billion in November). The annual growth rate of consumer credit continued to fall, to 6.2% in December, and the three-month annualised growth rate fell by 0.1 percentage point to 6.5%.
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PDF Version (11k) |
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Microsoft Excel Version (20k) |
| Table B - Approvals secured on dwellings | |
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PDF Version (10k) |
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Microsoft Excel Version (20k) |
| Table C - Total lending to individuals, lending secured on dwellings and consumer credit | |
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PDF Version (20k) |
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Microsoft Excel Version (52k) |
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Revisions to Table A (11k) |
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Notes and definitions for lending to individuals |
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Information on growth rates and revisions policy. |
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Next release date: 1 March 2007
