Bank of England says individuals borrowed extra £2.1bn in consumer credit in November Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England , as households took on debt to finance the rising cost of Christmas. In a snapshot covering the month of Rachel Reeves’s highly anticipated autumn budget , the central bank said individuals borrowed an additional £2.1bn in consumer credit, up from a £1.7bn increase in October. Continue reading... from The Guardian https://ift.tt/GiP1IYO via IFTTT
Contest being treated as a general election bellwether and some MPs fear ‘complete annihilation’ will spark further Conservative rebellion
The local elections on 2 May have long been regarded as a moment of high peril for Rishi Sunak, with the results likely to anticipate his party’s fate at the next election.
“My colleagues are feeling very restless,” admits one moderate Tory MP. “Rishi needs to show us that the general election isn’t already lost. If we lose the mayoralties in May then I’m afraid we could be on course for a total wipeout. It could be very dangerous for him.”
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