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
WTTC says 5.3% decline in tourist spend suggests policies such as increased air passenger duty have had impact
The government has been accused of “sabotaging” the UK’s tourism industry, after figures showed international visitors spent more than £2bn less last year than they did before the pandemic.
The World Travel and Tourism Council (WTTC) – which found in a new study that people visiting the UK spent £40.3bn in 2024, down 5.3% on 2019 – said that the government has made “deliberate policy choices” that had created “barriers to travel”.
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