Lending to Individuals
October 2006
The Bank of England intends to cease the publication of separate data on consumer credit provided by other specialist lenders, retailers, and insurance companies contained in Table A5.6 of Monetary and Financial Statistics. These categories will be merged into “other consumer credit lenders”. Readers are invited to give their views on this proposal. Comments should be sent to mfsd_ms@bankofengland.co.uk, or to the Senior Manager Monetary Statistics, Bank of England, Threadneedle Street, London, EC2R 8AH, at the latest by 31 December 2006.
The increase in total net lending to individuals in October (£10.9 billion) was higher than the increase in September and the previous six month average (Table A). The twelve-month growth rate and the three-month annualised growth rate increased by 0.1 percentage points, to 10.4% and 10.3% respectively.Within the total, net lending secured on dwellings increased by £9.8 billion, higher than in September (Table A). Both the twelve-month growth rate and the three-month annualised growth rate increased by 0.1 percentage points, to 11.3%. The number of loans approved for house purchase (at 128,000), remortgaging (at 101,000) and other purposes (at 77,000) were all higher than in September (Table B).
The increase in consumer credit (£1.1 billion) was higher than in September (Table A). Net credit card lending grew by £0.2 billion in October (lower than the £0.4 billion increase in September). Net other loans and advances rose by £0.9 billion (higher than the increase of £0.6 billion in September). The annual growth rate of consumer credit continued to fall, to 6.2% in October, and the three-month annualised growth rate was unchanged at 5.6%.
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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: 4 January 2007
