Net borrowing by individuals in UK consumer credit rose to £2.006 billion in July 2026, or about £2 billion, from £1.9 billion in June and above market forecasts of £1.8 billion. The figure, reported in the Bank of England’s Money and Credit data, was the highest since last November and slightly exceeded the previous six-month average of £1.9 billion. Credit card borrowing declined to £0.9 billion from £1.0 billion, while other consumer credit, including car finance and personal loans, climbed to £1.1 billion from £0.9 billion. Annual growth in all consumer credit increased to 9.2% from 9.1%, while credit card growth held at 12.5% and growth in other consumer credit rose to 7.7% from 7.6%. The data shows continued household demand for borrowing despite elevated interest rates, although higher borrowing costs are increasing pressure on household finances.