Key points
- The annual growth rate of consumer credit slowed in July, to 8.5%, but remains elevated relative to 2009-12.
- Households borrowed an additional £3.2 billion secured against their homes in July. Net lending has been relatively stable over the past year but this was the lowest amount of monthly secured lending since April 2017.
- Net lending to businesses increased to £2.7 billion in July, but this was primarily driven by the public administration and defence industry.
References in the text point to the summary tables. For further statistics, please see our Bankstats tables.